On Friday, AI chip maker Cerebras disclosed an IPO filing, its second attempt after what was an October withdrawal. With a $23 billion valuation, Cerebras and its underwriters have set a target valuation of $35 billion for when it goes public.

With its Wafer-Scale Engine 3 (WSE-3) for AI inference, the company has landed massive contracts, most notably its $10 billion+ deal with OpenAI. If its debut is successful, investor interest in alternative hardware architectures will be boosted.

For now, Nvidia is still king of AI chips, but its dominance is clearly being threatened on multiple fronts, not only by Cerebras, but also Groq, d-Matrix, Broadcom, Google, Etched, and startups like SambaNova and Graphcore.

Other companies looking to go public soon are SpaceX, OpenAI, and Anthropic, showing that venture-backed “super unicorns” are in various stages of making their public debuts, inching us closer to a mega-IPO wave.

RCRTech will continue to follow the shift from venture-backed hype to that of more operational maturity and public market discipline.

Susana 2

Susana Schwartz
Technology Editor
RCRTech

AI Infrastructure Top Stories

Why Meta-Broadcom deal matters: Broadcom will deliver the industry’s first 2nm AI compute accelerator for Meta, marking a genuine leap in custom AI silicon, and a system-level integration of chip design, advanced packaging, and networking.

Ericsson focuses on AI upside: Rather than focus on DCI, Ericsson says it will provide the best networks for AI, which includes a focus on enterprise 5G and APIs for physical and edge AI – versus shorter-term AI growth in data center networking.

ABI Research: Region-specific data center modeling shows 3,240 in Europe; 2,632 in NA; 1,728 in APAC; 493 in LATAM; and 396 in EMEA, with Europe shrinking its hyperscaler footprint but growing capacity by consolidating in high-utility zones.

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AI Today: What You Need to Know

Microsoft 3,200 acres: Microsoft may triple its physical footprint with the purchase of 3,200 acres south of Cheyenne, Wyoming. Sitting north of a solar farm and adjacent to large oil and gas production sites, its ideal for data center development.

Vertiv integrates CPower’s VPP: Vertiv and CPower Energy will collaborate to accelerate speed-to-power and improve grid capacity by turning battery energy storage systems and other behind-the-meter energy assets into grid resources.

Ocean-powered DCs: Panthalassa’s Ocean-2 test model is designed to power energy-intensive AI data centers using autonomous, floating ocean-based nodes that harness wave energy to produce clean, low-cost electricity and fuels.

ZincFive NiZn batteries: ZincFive surpassed 2 GWs in power with nickel-zinc (NiZn) batteries as the go-to alternative for uninterruptible power supplies (UPS), alongside legacy lead-acid and lithium-ion systems.

TSMC in Germany: TSMC’s joint venture with European Semiconductor Manufacturing Co. in Dresden, Germany will be its first in Europe, with a fab scheduled to open by late 2027 for the production of 28-nanometer chips.

Digital sovereignty milestone: Using its Cloud Sovereignty Framework, the European Commission awarded 4 contracts for its Sovereign Cloud call for tender, to “ensure diversification and resilience, avoiding potential lock-in.”

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