Cerebras Systems is set to refile for its IPO shortly, relaunching a project originally shelved in 2024. The California-based firm, founded in 2016 and led by Andrew Feldman, had withdrawn its filing to incorporate further financial and strategic disclosures. This comeback occurs amid a more favorable climate, marked by renewed investor appetite for high-growth tech companies, particularly within the artificial intelligence sector.
The group has gradually evolved its business model, transitioning from chip sales to a cloud services offering powered by its own infrastructure. This strategy is underpinned by major partnerships, most notably with OpenAI, under an agreement to provide up to 750 megawatts of computing capacity by 2028 in a deal valued at over $10bn. This commitment has since been expanded to over $20bn, including investment mechanisms allowing OpenAI to acquire equity in Cerebras.
Valued at $8.1bn following a $1.1bn funding round in September, the company seeks to position itself against rivals such as Nvidia and AMD by highlighting the speed of its processors for real-time processing. It also benefits from growth prospects through new partnerships, including with Oracle, and has attracted attention from high-profile investors, including Sam Altman. According to its CEO, Elon Musk had also considered an acquisition of the firm as early as 2018.
Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows:
- sale of operating systems and application development tools (42.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows);
- development of cloud-based software applications (37.7%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Microsoft Teams);
- other (19.4%): primarily sale of software licenses (Windows), tablets (Microsoft Surface), video game consoles and software (Xbox), computer accessories, etc.
The United States accounts for 51.3% of net sales.
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Investor
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