Mastodawn

US Top News and Analysis | Cerebras bumps up IPO range as it looks to raise up to $4.8 billion

AI generated summary, Read the full article for complete information.

Cerebras Systems, an artificial‑intelligence chip maker, has widened its IPO price range to $150‑$160 per share, which could raise up to $4.8 billion and value the company at as much as $48.8 billion on a fully diluted basis. The higher valuation reflects strong demand, including a $20 billion commitment from OpenAI that relies on Cerebras chips for its code‑writing model, and a recent partnership with Amazon Web Services to place Cerebras hardware in its data centers. Nasdaq expects the IPO to occur on May 14. In court testimony, OpenAI co‑founder Greg Brockman said Cerebras’ chips represented the compute power needed for OpenAI models, and Elon Musk was reported to be open to a merger with Cerebras. CEO Andrew Feldman said it is “a good time to be in AI hardware.”

#CerebrasSystems #OpenAI #AmazonWebServices #ElonMusk #SamAltman #GregBrockman #AshleyCapoot

WYM Mod Sep 30, 2025

Disney’s bold move in the AI battleground raises urgent questions: Should AI creators draw the line when using beloved characters? Ashley Capoot reports Disney issued a cease and desist to Character.AI for unauthorized use of their characters, who then removed them but seek collaboration. This highlights intense IP clashes as AI evolves rapidly. Read the full story: https://www.cnbc.com/2025/09/30/disney-cease-and-desist-characterai-copyright.html #AshleyCapoot #Disney #CharacterAI #AI #copyright #Midjourney #intellectualproperty #lawsuit #technology #media #Anthropic

Disney sent cease and desist letter to Character.AI over use of copyrighted characters

Disney is already involved in an ongoing lawsuit against AI image creator Midjourney.

CNBC

WYM Mod Sep 30, 2025

CoreWeave’s new $14.2B AI cloud deal with Meta marks a stunning leap, pushing its total contracts with Meta and OpenAI to $22.4B. This pact, reported by Ashley Capoot, fuels Meta’s AI supercluster ambitions and CoreWeave’s rise in “neocloud” GPU power. Explore how AI giants secure future dominance. https://www.cnbc.com/2025/09/30/coreweave-meta-deal-ai.html #CoreWeave #Meta #AI #CloudInfrastructure #Nvidia #OpenAI #Supercluster #Investment #Technology #AshleyCapoot

CoreWeave stock climbs 10% after company lands $14 billion deal with Meta

CoreWeave has inked a $14.2 billion AI cloud infrastructure deal with Meta.

CNBC