Subvolts take Cerebras's wafer-scale AI chips powered a $63B IPO and an OpenAI deal. May 21, 2026 - Developers
- Learn about the hardware innovations enabling AI development and how software and hardware scale together.
- Business
- Understand the market dynamics behind major AI hardware companies and strategic partnership formation.
This interview features the CEO of a company that recently had a massive IPO and a significant deal with OpenAI.
The Story Behind Cerebras’ $63 Billion IPO with Founder and CEO Andrew Feldman
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From Subvolts
Summary and analysis by Subvolts editorial, AI-assisted.
On the No Priors podcast, hosts Sarah Guo and Elad Gil interview Cerebras founder and CEO Andrew Feldman about the company's $63 billion IPO. Feldman discusses pioneering wafer-scale AI computing, overcoming market timing challenges, and achieving significant inference speed improvements over GPUs. The conversation also covers Cerebras's rapid $20 billion deal with OpenAI and Feldman's philosophy on competing with tech giants.
This episode talks about Cerebras, a company that makes huge AI computer chips, the size of a dinner plate. Their big chips helped them have a very successful stock market launch and make a big deal with OpenAI, showing how specialized hardware is important for AI.
This episode offers insights into the hardware side of AI infrastructure, a critical area for frontier labs. Feldman's journey with Cerebras, from being ahead of market demand to a massive IPO and a significant partnership with OpenAI, provides a case study in long-term vision and execution. It's valuable for anyone interested in the companies building the foundational technology that powers AI advancements, especially those tracking hardware innovation and strategic partnerships in the competitive AI landscape.
- HostSarah Guo
- HostElad Gil
- GuestAndrew FeldmanFounder and CEO, Cerebras
- Guest: Andrew Feldman, Founder and CEO of Cerebras
- Show: No Priors
- Length: 31 minutes
- IPO Valuation: $63 billion
- OpenAI Deal Value: $20 billion
- Inference Speed Improvement: 20x that of standard GPUs
Companies in Silicon Valley from Nvidia to AMD are racing to fuel the AI revolution with postage stamp-sized AI chips. Meanwhile, a chip the size of a dinner plate just fueled a $63 billion IPO for Cerebras. Elad Gil and Sarah Guo sit down with Cerebras founder and CEO Andrew Feldman to discuss the company’s journey to making one of the largest tech go-publics in history. Andrew details the multi-year journey of pioneering wafer-scale AI computing, including surviving a brutal period of being ahead of market demand. He also explains the engineering breakthroughs that led to delivering inference speeds at 20x that of standard GPUs. Andrew then shares how a remarkable $20 billion deal with OpenAI came together in only four weeks. Plus, Andrew’s thoughts on why architecting the future of AI requires the fortitude to be a “professional David” against the Goliaths of tech.
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Follow us on Twitter: @NoPriorsPod | @Saranormous | @EladGil | @andrewdfeldman | @Cerebras
Chapters:
00:00 – Cold Open
00:36 – Andrew Feldman Introduction
01:19 – Cerebras’ Evolution
02:48 – Wafer-Scale Bet Pays Off
06:38 – Challenges and Breakthroughs
08:37 – Crossing the Market Chasm
10:38 – Scaling Software and Hardware
12:03 – Relevance of AI-Generated Coding
13:31 – Leadership and Hiring Culture
17:16 – When to Quit vs. Persist
19:40 – Why Cerebras Went Public
22:57 – The OpenAI Deal
25:54 – Open Source and Post-Trained Workloads
27:37 – How Speed Opens Up New Business
30:33 – Conclusion
- IPO
- Andrew Feldman
- Initial Public Offering, when a private company sells shares to the public for the first time.
- wafer-scale
- Andrew Feldman
- Refers to a chip made from an entire silicon wafer, much larger than typical chips.
- inference speeds
- Andrew Feldman
- How quickly an AI model can process data and make predictions after being trained.
- GPUs
- Andrew Feldman
- Graphics Processing Units, specialized computer processors often used for AI tasks.
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Questions people ask
- What is Cerebras known for?
- Cerebras pioneers wafer-scale AI computing, creating chips the size of a dinner plate to power AI advancements.
- What was the significance of Cerebras's IPO?
- Cerebras achieved one of the largest tech IPOs in history, valued at $63 billion, demonstrating strong market confidence in their AI hardware.
- Tell me about the OpenAI deal.
- Cerebras finalized a $20 billion deal with OpenAI in just four weeks, highlighting a rapid strategic partnership.
Page generated Oct 19, 2026. Summaries are Subvolts' own; the audio, artwork and notes belong to Conviction.