In today’s newsletter:

• News - 💻 Cerebras Files for IPO After 3x Revenue Growth in 2023

• Productivity - 📝 Build Your AI Knowledge Base with Glasp

• Culture - 🧠 Biden’s AI Advisor Talks Deepfakes & Military AI

💻 Cerebras Files for IPO After 3x Revenue Growth in 2023

Cerebras Systems, an AI chip startup, has filed for an IPO and plans to trade under the ticker symbol "CBRS" on the Nasdaq. Known for its WSE-3 chip, which boasts more cores and memory than Nvidia’s H100, Cerebras also offers cloud-based services powered by its own computing clusters. The company is growing fast but reported a net loss of $66.6 million on $136.4 million in sales for the first half of 2024. Despite the losses, Cerebras continues to attract attention in the crowded AI chip market.

Founded in 2016, Cerebras is backed by major investors like Foundation Capital, Benchmark, and Eclipse Ventures, along with high-profile names like OpenAI’s Sam Altman and Sun Microsystems co-founder Andy Bechtolsheim. Its key customer, G42, a UAE-based AI firm, accounted for 83% of its revenue last year and has committed to purchasing over $1.4 billion in Cerebras products by 2025. With competition from giants like Nvidia and AMD, Cerebras is positioning itself as a strong contender in the rapidly growing AI space.

🗞️ In Other News…

• Archaeologists, assisted by AI, have discovered 303 new Nazca geoglyphs in Peru, nearly doubling the known number of these ancient desert carvings, which may have held ceremonial or symbolic significance for the Nazca people.

• OpenAI Academy will invest in AI talent and provide resources to developers in low- and middle-income countries, focusing on solving local challenges and driving innovation in sectors like education, finance, and healthcare.

• Proprio's AI-powered surgical platform, Paradigm, has successfully completed 50 surgeries, offering precise implant placement with zero radiation and surpassing traditional navigation methods.

• Nio shares surged 66.4% in September, driven by a major cash injection, strong EV demand, and the launch of its Nvidia-powered Onvo L60, but remain down 26% for the year.

📝 Build Your AI Knowledge Base with Glasp

Glasp is an AI-powered productivity tool that allows users to highlight and organize content from websites, PDFs, YouTube videos, and even Kindle books. With its intuitive interface, you can quickly capture important ideas and add personal notes to your highlights, making it easier to revisit and share key insights. The tool integrates smoothly with browsers like Chrome and Safari, and works with various platforms, including YouTube and Kindle, allowing for seamless highlighting and note-taking across multiple mediums.

What makes Glasp unique is its AI clone feature, which learns from your highlights and notes to offer personalized insights and recommendations. As you build your knowledge base, Glasp helps you track your learning progress and connects you with like-minded individuals. Plus, it’s easy to export your organized highlights and notes to note-taking apps like Notion or Obsidian, ensuring your digital knowledge is always at your fingertips.

🧠 Biden’s AI Advisor Talks Deepfakes & Military AI

Biden’s AI advisor, Ben Buchanan, recently shared insights on the administration’s approach to AI policy, deepfakes, and the use of AI in warfare. He emphasized the importance of creating balanced regulations that protect privacy and national security while encouraging innovation. A big focus is on labeling AI-generated content to combat disinformation, especially with foreign actors like China and Russia trying to influence U.S. elections through deepfakes.

Buchanan also touched on AI’s growing role in the military, revealing that the Biden administration is working on a national security plan to guide the Department of Defense’s use of AI. The goal is to ensure AI aligns with U.S. values, keeping crucial decisions under human control. He also noted that the U.S. energy grid is prepared for AI’s increasing demands, with plans to boost clean energy to support the rapid growth of AI technology.

Job Opportunities

• Databricks: Solutions Architect

• Palantir Technologies: Forward Deployed Software Engineer

• Palantir Technologies: Administrative Business Partner

• Palantir Technologies: Deployment Strategist

• Deepmind: People & Culture Partner, Research

VC Fundraising Rounds

• HPC-AI Tech, an innovative AI startup focused on AI software infrastructure and video generation, has raised an impressive $50 million in its Series A funding round. (9/30/24)

• Qodo (formerly CodiumAI), a generative AI code integrity platform, has announced raising $40 million in Series A funding, bringing its total funding to $50 million. (9/30/24)

• Neeve, a cloud PaaS provider for smart buildings, secured $15 million in financing led by Cantor Fitzgerald and RXR to drive global expansion, support digital transformation in commercial real estate, and accelerate sustainability and cybersecurity efforts. (9/30/24)

Earn Free Rewards 🎁 

Get rewarded for helping others level up their AI game 👇️

25 referrals - 30 minute chat with Ben Chon, founder of rareliquid

1 referral - Daily VC AI Fundraising Tracker

You currently have 0 referrals.

Copy & paste this link: https://www.rarecandyai.com/subscribe?ref=PLACEHOLDER