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Tech industry
from24/7 Wall St.
11 hours ago

Marvell CEO: "Demand for Our Products Continuing to Accelerate" as Data Center Revenue Hits $1.5B

Custom AI chip makers Broadcom and Marvell are experiencing explosive growth as inference demand scales, with both companies significantly outperforming expectations and reshaping their business valuations.
fromTheregister
4 months ago

Cerebras CEO explains why IPO was pulled

Just days after announcing a $1.1 billion Series G funding round, AI chip startup Cerebras Systems pulled its S-1 IPO filing without so much as an explanation. Amid growing concerns of an AI bubble, has Cerebras CEO Andrew Feldman gotten cold feet? Apparently not. Taking to LinkedIn on Sunday, Feldman apologized for the lack of transparency, and presumably any panic the decision might have caused. "On Friday, Cerebras Systems withdrew our S-1. We didn't explain why - that was a mistake," he wrote, adding that he still has every intention of taking the company public.
Artificial intelligence
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