Cerebras Systems, Amazon strike deal to offer AI chips on AWS cloud

Amazon.com and Cerebras Systems on Friday said they have reached a deal to combine the two companies’ computing chips in a new service aimed at speeding up chatbots, coding tools and other artificial intelligence services.

Valued at $23.1 billion, Cerebras is a chip startup aiming to take on Nvidia by building a fundamentally different kind of AI chip that does not rely on expensive high-bandwidth memory ‌as Nvidia’s flagship ⁠chips ⁠do. Earlier this year, Cerebras signed a $10 billion deal to supply chips to ChatGPT creator OpenAI.