Would you like to receive notifications on latest updates of the following headlines?

Cerebras Launches AI Inference Tool to Challenge Nvidia

POSTED ON August 28, 2024 •   Technology      BY Abiodun Saheed Omodara
Cerebras Systems logo is seen in this illustration taken March 31, 2023. l Credit: Reuters

Cerebras Systems launched on Tuesday a tool for AI developers that allows them to access the startup's outsized chips to run applications, offering what it says is a much cheaper option than industry-standard Nvidia processors.

Access to Nvidia graphics processing units (GPUs) - often via a cloud computing provider - to train and deploy large artificial intelligence models used for applications such as OpenAI's ChatGPT can be difficult to obtain and expensive to run, a process developers refer to as inference.

"We're delivering performance that cannot be achieved by a GPU," Cerebras CEO Andrew Feldman told Reuters in an interview. "We're doing it at the highest accuracy, and we're offering it at the lowest price."

The inference portion of the AI market is expected to be fast-growing and attractive - ultimately worth tens of billions of dollars if consumers and businesses adopt AI tools.

The Sunnyvale, California-based company plans to offer several types of the inference product via a developer key and its cloud. The company will also sell its AI systems to customers who prefer to operate their own data centers.

Cerebras' chips - each the size of a dinner plate and called Wafer Scale Engines - avoid one of the issues with AI data crunching: the data crunched by large models that power AI applications typically won't fit on a single chip and can require hundreds or thousands of chips strung together.

That means Cerebras' chips can achieve speedier performances, Feldman said.
It plans to charge users as little as 10 cents per million tokens, which are one of the ways companies can measure the amount of output data from a large model.

Cerebras is aiming to go public and filed a confidential prospectus with the Securities and Exchange Commission this month, the company said.

READ ALSO
Improving smartphone affordability in Africa- Analys
BY Abiodun Saheed Omodara January 9, 2025 0

Smartphones have become central to the lives of mil­lions across Africa, deliver­ing financi...

READ ALSO
Venezuela slams TikTok with $10m fine amid offensive challenge
BY Benedicta Bassey December 31, 2024 0

Venezuela’s Supreme Court has issues a $10 million fine against TikTok for disregarding measur...

READ ALSO
Website Hack: NBS budgets N35m for cybersecurity training
BY Abiodun Saheed Omodara December 26, 2024 0

The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity...

READ ALSO
Tinubu, Ogun leaders champion tech innovation
BY Abiodun Saheed Omodara December 26, 2024 0

The City Boy Movement, Ogun State Chapter, awarded N14m to winners of its technology grant initiativ...

READ ALSO
SEC promises transparency, fairness in fintech regulation
BY Abiodun Saheed Omodara December 24, 2024 0

LAGOS, Nigeria - The Securities and Exchange Commission (SEC) has assured stakeholders in the fintec...

READ ALSO
NSE president, Oguntala advocates AI to tackle pipeline vandalism
BY Benedicta Bassey December 19, 2024 0

NIGERIA — In a bid to ensure pipeline integrity in various monitoring systems, the president o...

READ ALSO
NEOM invest in automated robotic technology for construction projects
BY Abiodun Saheed Omodara December 13, 2024 0

NEOM has signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging in...

READ ALSO
Meta offers $1m to Trump’s inaugural fund
BY Benedicta Bassey December 12, 2024 0

UNITED STATES —  Meta has donated $1 million to President-elect Donald Trump’s inau...

OUR CHANNELS:

Africa has what it takes to develop itself- Tinubu
BY Abiodun Saheed Omodara January 15, 2025 0

President Bola Tinubu has stated that Africa possesses the necessary resources to foster its own dev...


Power generation increased by 30% in 2024- Adelabu
BY Abiodun Saheed Omodara January 15, 2025 0

NIGERIA (NAN) - The minister of power, Adebayo Adelabu, on Monday has said that power generation in...


Mapoly shuts down school amid protests over delayed results
BY Abiodun Saheed Omodara January 15, 2025 0

In order to prevent a breakdown of law and order, the management of Moshood Abiola Polytechnic (MAPO...


JUST IN: Lagos assembly impeach Obasa as speaker
BY Abiodun Saheed Omodara January 15, 2025 0

In a surprising turn of events, Mudashiru Obasa, the Speaker of the Lagos State House of Assembly, h...


Tinubu hosts Otedola in Abu Dhabi
BY Abiodun Saheed Omodara January 14, 2025 0

President Bola Ahmed Tinubu, on Sunday,  met with Femi Otedola, the Chairman of FBN Holdin...


OPC laments insecurity, Calls  S’West Gov. to proclaim state of emergency
BY Abiodun Saheed Omodara January 15, 2025 0

The Oodua People’s Congress (OPC), aligned with the late Frederick Fasehun, called on South-We...


LASG, experts to investment in urban water infrastructure, others
BY Abiodun Saheed Omodara January 15, 2025 0

Committed to promoting balanced development throughout Lagos, the State Government, through its Resi...


Lagos residents laments as Govt. enforce ban on single-use plastics
BY Abiodun Saheed Omodara January 15, 2025 0

Controversy, confusion, and sorrow have accompanied the reactions from stakeholders, including sache...


Ghana president reduces ministries to cut governance costs
BY Abiodun Saheed Omodara January 15, 2025 0

In an effort to reduce governance expenses, Ghana's President John Mahama has declared a reshuffle i...


No reason for Osinbajo to leaving APC, Politics- Akande
BY Abiodun Saheed Omodara January 14, 2025 0

The former spokesperson for Vice President Yemi Osinbajo, Laolu Akande, claims that there is no reas...


More Articles

Load more...

Menu