US Top News and Analysis | Cerebras' blockbuster IPO boosts hype for SpaceX and OpenAI, but crowds out smaller players

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Cerebras Systems’ spectacular IPO—its shares jumping almost 70 % on debut to give the AI‑chip maker a roughly $95 billion market value—highlighted both the revived appetite for AI‑related listings and the stark challenge facing non‑AI companies in today’s market. While the offering became the year’s biggest U.S. tech IPO since Uber and one of only two U.S. debuts ever to breach a $100 billion valuation, investor focus has swiftly shifted to the looming trillion‑plus IPOs of SpaceX, OpenAI and Anthropic, which dwarf the rest of the pipeline and risk eclipsing smaller, high‑valued startups. Venture investors note that without a compelling AI narrative, even well‑funded SaaS firms struggle to attract attention, and many are waiting to see how the mega‑caps perform before committing to public markets. Cerebras’ success, bolstered by its Wafer Scale Engine 3 chips, a $20 billion OpenAI contract, and an AWS partnership, underscores a brief “silicon renaissance” but also reinforces the reality that the next wave of public offerings will likely be defined by a handful of AI‑centric giants, leaving the broader IPO landscape comparatively marginal.

Read more: https://www.cnbc.com/2026/05/16/cerebras-blockbuster-ipo-boosts-hype-for-spacex-openai-anthropic.html

#CerebrasSystems #SpaceX #OpenAI #Nvidia #Anthropic #SamLessin #JaiDas #RickHeitzmann

Slow Ventures holds a ‘finishing school’ to help founders learn to be fancy

https://fed.brid.gy/r/https://techcrunch.com/2025/11/09/slow-ventures-holds-a-finishing-school-to-help-founders-learn-to-be-fancy/

I’m not really on any of the big centralised social networks any more, but I’m interested in the effect they have on society. Apparently there have been calls recently complaining about, and resisting, changes that Instagram has made. In this post, Ben Thompson cites Sam Lessin, a former Facebook exec, who suggests we’re at step four of a five-step process. The Pre-Internet ‘People Magazine’ Era Content from ‘your friends’ kills People Magazine Kardashians/Professional ‘friends’ kill real friends Algorithmic everyone kills Kardashians Next is pure-AI content which beats ‘algorithmic everyone’ There’s a bit in this post which I think is a pretty deep insight about human behaviour, identity, and the story we like to tell ourselves. Again, it’s Thompson quoting Lessin: I saw someone recently complaining that Facebook was recommending to them…a very crass but probably pretty hilarious video. Their indignant response [was that] “the ranking must be broken.” Here is the thing: the ranking probably isn’t broken. He probably would love that video, but the fact that in order to engage with it he would have to go proactively click makes him feel bad. He doesn’t want to see himself as the type of person that clicks on things like that, even if he would enjoy it. So TikTok and other platforms reducing the need for human interaction to deliver ‘engaging’ content have the capacity to fundamentally change the way we think about the world. In another, related, post Charles Arthur scaremongers about how AI-created content will overwhelm us: I suspect in the future there will be a premium on good, human-generated content and response, but that huge and growing amounts of the content that people watch and look at and read on content networks (“social networks” will become outdated) will be generated automatically, and the humans will be more and more happy about it. In its way, it sounds like the society in Fahrenheit 451 (that’s 233ºC for Europeans) though without the book burning. There’s no need: why read a book when there’s something fascinating you can watch instead? Quite what effect this has on social warming is unclear. Possibly it accelerates polarisation, but rather like the Facebook Blenderbot, people are just segmented into their own world, and not shown things that will disturb them. Or, perhaps, they’re shown just enough to annoy them and engage them again if their attention seems to be flagging. After all, if you […]

https://thoughtshrapnel.com/2022/08/27/lessins-five-steps-and-the-coming-ai-apocalypse/