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On September 30, Cerebras Systems, the AI chip unicorn based in the U.S., made public that it had successfully wrapped up an oversubscribed Series G funding round, raising a whopping US$1.1 billion (equivalent to roughly RMB 7.8 billion). This financial boost has propelled its post-investment valuation to an impressive US$8.1 billion (around RMB 5.77 billion). The newly acquired funds are earmarked for expanding its portfolio of cutting-edge technologies. This expansion is set to fuel ongoing innovation across various fronts, including AI chip design, packaging techniques, system architecture, and AI supercomputing capabilities. Furthermore, the company plans to beef up its manufacturing prowess within the U.S. and ramp up its data center capacity. These strategic moves are aimed at keeping pace with the soaring market demand for its offerings.
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