SemiAnalysis President @fabknowledge on the Cerebras IPO: "There is a narrow path for them. I think they're going to be able to inference maybe 1 trillion parameters and very small context window sizes. Or smaller models at very fast speeds." "There's demand. Clearly, we're in a shortage, and ironically in a shortage, it's not the best company who wins — you can look at Nvidia's stock chart and that will tell you." "It's the second, third, and fourth-best companies where the demand overflows. And we're seeing all that today." "The reality is the market's big enough for a lot of demand, and Cerebras is in that space." "They've done a really good job, and it's a cool engineering problem. But we think it's kind of a solution looking for a problem. Because the world of LLMs blew up at a much faster scale than anyone would have ever thought." $CBRS