“OpenAI has only two AI accelerator compute vendors in production today, Cerebras and Nvidia,” Cerebras CEO Andrew Feldman says. Four days after Cerebras went public, Feldman joined Bloomberg Intelligence’s Kunjan Sobhani to discuss the company’s next chapter and the rapidly shifting AI infrastructure landscape. Feldman breaks down the OpenAI deal, the strategic AWS partnership around disaggregated inference and why Cerebras believes fast inference is becoming the industry’s defining battleground. He explains how Cerebras evolved from building the world’s largest chip to operating one of the fastest inference platforms, why disaggregated inference could reshape hyperscale AI deployments and how the company is navigating power, memory and data-center constraints. The episode also explores the competitive landscape beyond GPUs and Feldman’s broader perspective on the next phase of AI compute.

Cerebras After IPO: OpenAI, AWS and Inference

Tech Disruptors

# Full Transcript

**Podcast:** Tech Disruptors

## Participants

- **Kunjan Shobani** (Bloomberg Intelligence)
- **Andrew Feldman** (Cerebras Systems)

## Transcript

Hello and welcome to the Tech Disruptors podcast hosted by Bloomberg Intelligence. In this podcast series, we speak with company executives and management teams about their views on disruption and how it is driving their decision-making and strategy. Bloomberg Intelligence is Bloomberg's research arm and covers over 2000 companies globally across multiple asset classes backed by Bloomberg and third-party data supported by nearly 500 research professionals.

My name is Kunjan Shobani. I'm a senior technology analyst at Bloomberg Intelligence, and I'm pleased to have Andrew Feldman, co-founder and CEO of Cerebras Systems as our guest today. Andrew leads the team behind the WaferScale Engine, which is the industry's only and first wafer scale processor and the largest AI chip ever built. Prior to Cerebras, Andrew was the co-founder and CEO of C-Micro, a pioneer in low-power

server technology, which was eventually acquired by AMD in 2012. He then served as a corporate vice president and GM at AMD running the server business. Andrew holds both a BA and an MBA from Stanford. Andrew, welcome to the show. Thank you so much for having me. It's good to talk to you again. First of all, I want to congratulate on taking Cerebras Public and what has been a very successful IPO from

a valuation perspective. Based on the news flow, if these numbers are correct, it seems you started the roadshow as sort of a base valuation of about $35 billion, got priced at around $40 billion, and the first trading day, based on the closing price, had Cerebras valued in high $60 billion. That sounds like a fantastic win-win outcome for any company going public. So maybe let's start from there. How does

going public change the trajectory of your company, change their role for you as a CEO? And also talk to us about the motivation behind going public versus exiting as a part of the merger, because we have heard rumors that there was quite a lot of interest also to acquire Cerebras. Well, why don't I answer that one first? I mean, we didn't want to sell the company. I think there are

always conversations where people are trying to see if you have interest. I think it was our time, there was market demand, and we could feel that. And so, you know, we weren't interested in that approach. I think, you know, we, an IPO is a fundraising event. It's an opportunity to approach

a different type of investor with your story. It's an opportunity to gather fuel for the continued extraordinary growth of your company. And we raised when all is said and done and the green shoe is exercised, it will be in excess of $6 billion. This will enable us to continue our rapid growth to make some investments, to continue to build out our engineering organizations. We thought

it was the right time. We would be the first and only AI peer ...

Cerebras After IPO: OpenAI, AWS and Inference

Transcript

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Every day you wait, your competitors are finding
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Cerebras After IPO: OpenAI, AWS and Inference

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.