Cerebras gains after Altman says company is a “close partner”
CBRS•Cerebras shares rose 2.8% to $171.08 in extended trading after OpenAI CEO Sam Altman called the chip designer a “close partner.”
1. Altman comments on partnership
Altman said Cerebras and OpenAI have “deep engagement pushing on the frontiers of speed.” His comments followed speculation that Cerebras chips were used to serve OpenAI’s GPT6.1 Sol Ultrafast model.
2. Shares below IPO price
Cerebras shares have fallen 10% from their $185 IPO price in May.
