Forbes January 30, 2025
For a slew of AI chip companies chomping to dethrone Nvidia, DeepSeek is the opening they’ve been waiting for.
By Richard Nieva, Forbes Staff
A day after Chinese upstart DeepSeek wiped more than a staggering $800 billion from the market caps of America’s AI chip juggernauts, you’d think that Andrew Feldman, CEO of next-gen chip company Cerebras, would be locked in a humid war room plotting how to save his company. Instead, he’s celebrating.
“We’re sort of rejoicing,” he told Forbes. “These are great days. We can’t answer the phones fast enough right now.”
It sounds counterintuitive for an AI chip startup, but Feldman says his company, which is expected to go public later this year, has experienced a jolt...
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