Summary:
- Cerebras Systems, a company that designs and manufactures specialized AI chips, has received a significant funding boost, indicating the growing demand for advanced AI hardware.
- The company's AI chips, called "Wafer Scale Engine," are designed to be much larger and more powerful than traditional chips, allowing them to handle complex AI and machine learning tasks more efficiently.
- Cerebras Systems' funding and success highlight the importance of specialized AI hardware in powering the latest advancements in artificial intelligence, which is becoming increasingly crucial across various industries.