Cerebras risked it all on dinner plate-sized AI accelerators a decade ago. Today it’s worth $66 billion

Cerebras Systems has done what many chip startups aspire to but few ever achieve. On Thursday, the company and long-time Nvidia rival raised $5.55 billion in an initial public offering (IPO), making the company worth more than $66 billion on its first day of trading. The milestone didn’t happen overnight.