Cerebras Systems closes $100 million AI supercomputer deal with UAE’s G42

Cerebras Systems has announced the signing of an approximately $100 million deal with United Arab Emirates (UAE)-based technology conglomerate G42. The agreement includes the delivery of the first installation of the artificial intelligence (AI) supercomputer, with an option to supply nine additional units, the company said in a July 20 statement.

Cerebras, which is headquartered in Silicon Valley, said G42 has committed to buy three of its Condor Galaxy Systems, an innovative network consisting of nine interconnected supercomputers. The first supercomputer of this network, known as Condor Galaxy 1 (CG-1), shows a performance of 4 exaFLOPS and contains 54 million cores.

These systems will be manufactured in the United States to expedite implementation. The company said the first system will become operational this year, while the remaining two, CG-2 and CG-3, are expected to be online in early 2024.

The agreement comes amid a global search by cloud computing providers for an alternative to chips from Nvidia Corp, the current market leader in AI computing. Nvidia’s products are facing shortages due to increased demand for services such as ChatGPT and others. In this context, Cerebra, along with several other startups, aims to challenge Nvidia’s dominance in the AI ​​computing field.

According to Cerebras CEO Andrew Feldman, discussions are underway for a possible acquisition of six additional supercomputers by the end of 2024. In addition to the G42, they are looking to expand this supercomputer with plans to deploy 36 exaFLOPS of AI computing within the next year.

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In the announcement, Feldman expressed his intention to move to the United Arab Emirates for three months to work closely with G42 to improve their computer service using the system. He described the effort as a “rare opportunity to revolutionize a huge market”. Abu Dhabi-headquartered G42 said it plans to use Cerebras Systems to provide AI computing services to healthcare and energy companies.

Cointelegraph has reached out to Cerebras for more details on the terms of the deal and the partnership’s plans to expand the Condor Galaxy network and advance AI projects, but has not yet received a response.

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