The Information
Chipmaker Cerebras brought in one of the greatest pitchmen in tech, Sam Altman, to appear in a video to promote its $5.5 billion initial public offering. Seated on a gray upholstered couch and speaking softly, the OpenAI chief executive touted Cerebras’ chips as “the best high-speed inference offering in the world right now.” Altman has a strong incentive to tout Cerebras. OpenAI stands to own a roughly 3% stake in Cerebras within weeks of the offering, which it got by committing to order chips and lend money to the company. OpenAI’s stake in Cerebras could grow to 11% in the coming years as it pays for the chips.
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