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Cerebras aims to deploy AI infrastructure in UAE,
including for
Stargate, CEO says
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Company plans to file for IPO again "shortly", CEO says
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Firm aims to grow data centers number to 12-15 in next 6-8
months
By Federico Maccioni
DUBAI, Oct 13 (Reuters) - AI chip startup Cerebras
Systems aims to deploy its infrastructure to the United Arab
Emirates to support the Gulf state's rapidly growing AI sector,
as well as markets in India and Pakistan, CEO Andrew Feldman
told Reuters on Monday.
"I'm very confident that there will be big clusters here of
our gear," including "megawatts worth of equipment" for the
Stargate project, Feldman, referring to the U.S.-UAE agreement
to build the world's largest set of AI data centres outside the
United States.
California-based Cerebras makes high-performance AI chips
and systems designed to speed up the training and deployment of
large AI models, competing with industry leader Nvidia NVDA.O in
the rapidly expanding AI chip market.
Among its largest clients is Abu Dhabi-backed cloud and AI
firm G42, which signed a deal in 2023 to acquire supercomputers
from the startup.
G42's past ties to China have attracted scrutiny in
Washington, due to concerns around Beijing's access to advanced
semiconductors including via third parties such as the UAE,
which has been spending billions of dollars on its AI push,
looking to leverage its strong relations with the U.S. to secure
access to the technology.
Technology giants, including Nvidia ( NVDA ) and OpenAI, are working
with G42 to build the first phase of Stargate UAE, but the deal
has not been finalised amid these security concerns, Reuters
reported, citing sources.
Cerebras-built computers for G42 have so far remained in the
U.S., with Middle East deals requiring export licences from the
Trump administration.
Cerebras this month filed to withdraw its plans for a U.S.
listing, after raising $1.1 billion in a funding round that
valued the company at $8.1 billion.
New investors include 1789 Capital, a fund in which Donald
Trump Jr is a partner.
Feldman said the company will use the proceeds to scale up
manufacturing and finance the new data centres, aiming to grow
to as many as 12 or 15 sites from six over the next months.
Cerebras still intends to go public, Feldman said, adding it
has an "intention to refile it as quickly as we can", without
providing a timeline.