> "Group 42 Holding Ltd (together with its affiliates, “G42”) accounted for 83% and 87%, respectively, of our total revenue for the year ended December 31, 2023 and six months ended June 30, 2024. Our dependence on our relationship with G42 subjects us to a number of risks."
It might be a new account for privacy reasons. Folks can choose whether to believe them or not. If the company is really doomed, we’ll know soon enough.
There is a german idiom "Totgesagte leben länger" (the ones assumed dead, live longer).
Just because a business might be unsound, doesn't necessarily mean it will imminently collapse.
There is a lot of money going around right now and at its core Cerebras is a hardware company and their core innovation is in hardware.
At its core Cerebras is a hardware company. If they would have been able to just sell hardware that would be great, but for now I think the available speedups are not really worth it to most people to reengineer their software to fit the computation model outside of a few niche problems and TCO is pretty high.
But given the amount of resources being poured into AI right now, a lot of these tradeoffs don't seem so far out anymore. The main open question I guess is whether their architecture will be a good fit for whatever requirements come in the future (think continuous training and RL stuff). Their architecture is sufficiently different, so there might be some valid reasoning to hedge your bets.
80+% of business comes from one UAE based customer?
9/2024 filing at https://www.sec.gov/Archives/edgar/data/2021728/000162828024...
> "Group 42 Holding Ltd (together with its affiliates, “G42”) accounted for 83% and 87%, respectively, of our total revenue for the year ended December 31, 2023 and six months ended June 30, 2024. Our dependence on our relationship with G42 subjects us to a number of risks."
Is this on top of other concerns being floated?
There's not much concrete evidence to support any of the claims made here. Also nothing on blind. Account is made recently and this is the only post.
Suspicious post
It might be a new account for privacy reasons. Folks can choose whether to believe them or not. If the company is really doomed, we’ll know soon enough.
There is a german idiom "Totgesagte leben länger" (the ones assumed dead, live longer).
Just because a business might be unsound, doesn't necessarily mean it will imminently collapse.
There is a lot of money going around right now and at its core Cerebras is a hardware company and their core innovation is in hardware.
At its core Cerebras is a hardware company. If they would have been able to just sell hardware that would be great, but for now I think the available speedups are not really worth it to most people to reengineer their software to fit the computation model outside of a few niche problems and TCO is pretty high.
But given the amount of resources being poured into AI right now, a lot of these tradeoffs don't seem so far out anymore. The main open question I guess is whether their architecture will be a good fit for whatever requirements come in the future (think continuous training and RL stuff). Their architecture is sufficiently different, so there might be some valid reasoning to hedge your bets.
I thought Cerebras mainly focused on inference not finetuning/training.
"the writing is on the wall" - "just raise $1B to expand" ...