Keep pulling the thread on Inflation Is Soaring.
SpaceX, Anthropic, and OpenAI are all reportedly preparing for IPOs in the coming months.
86% of Cerebras's revenue comes from entities backed by the sovereign wealth fund of the UAE, specifically G42 and Mohammed bin Zayed University of AI.
A potential deal with OpenAI could generate around $7 billion in annual revenue for Cerebras if it ramps to full capacity.
OpenAI provided a $1 billion loan to Cerebras at 6% interest and will also receive stock warrants in the company.
Scott Galloway predicts that a reduction in digital advertising budgets, caused by decreased consumer spending, will lead major tech companies to reduce their investment in AI.
Scott Galloway believes the stock market is currently being propped up entirely by the "AI trade."
In April, U.S. consumer prices rose 3.8% year-over-year, marking the highest inflation reading in three years.
For the first time in three years, U.S. wage growth did not keep pace with inflation, leading to a decline in real wages.
U.S. producer prices, a measure of wholesale inflation, increased by 6% year-over-year, the largest rise since 2022.
Rising energy prices were responsible for 40% of the U.S. inflation increase in the last month.
The semiconductor sector has increased in value by 60% in the last 45 days.
Cerebras withdrew its plans for an IPO in 2024 following intense scrutiny of its heavy reliance on a single customer, G42.