Cerebras IPO at $86B: What the 168x Multiple Underwrites
Cerebras priced May 13 and closed day one at a ~168x revenue multiple. The first-day pop is the smaller story. The capex signal underneath it is the bigger one.
hardware
What is HBM memory, and why does AI need so much of it?
HBM is the high-bandwidth memory glued to every modern AI accelerator — and the single component most likely to be the bottleneck the next time someone says 'we need more GPUs.'
DeepSeek V4 on Huawei Ascend: Open Weights, MoE at Trillion Scale, and the Self-Hosting Path
DeepSeek V4 ships under MIT license in two MoE sizes (1.6T Pro and 284B Flash) with 1M-token context. Huawei's Ascend 950 SuperNode handles inference. Here is what readers can do with it — and what comes next.