Cerebras: Microsoft becomes major AI customer – cloud revenue grows by 272%!
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Microsoft adds Cerebras technology as the third major cloud provider alongside AWS and Oracle. The adjusted cloud business grows by 272%; OpenAI is increasingly demanding rapid AI computing power. 700 MW data center capacity is secured, with Cerebras expecting revenue to triple by 2027. The AI chip specialist Cerebras Systems (CBRS) presented strong quarterly results and another major customer on November 12. After hours, the stock gained around 18% at times. Cerebras develops chips for the rapid execution of finished AI models (inference)....
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