One customer is a tough risk to swallow at $7.4bn. Cerebras Systems has filed for an IPO at a mooted valuation of $7.4bn (Bloomberg) but with almost all of its revenues coming from one customer and the tough challenge of taking share from Nvidia in this generation of AI, 28x 2024 revenues and 14x 2025 revenues is a tough pill...
Apple is back to front but can easily flip. While the commentariat is impressed with Meta Platform’s new Orion AR device, it is also unusually critical of Apple which it thinks has made the wrong technical choice, but I suspect that Apple has got much more up its sleeve than everyone thinks. Although there appears to be a lot of...
Meta moves first to take unclaimed territory. Meta showcased the results of billions of dollars of investment and at the same time was not shy of taking shots at its competitors as it staked its claim to the next generation of the digital ecosystem. Connect is Meta’s showcase for developers where the focus this year was all about AI and...
How this is worth $150bn is beyond me. It is said that a company is more than just one man but when almost all of the brains of the company are no longer there, one has to wonder what this means for product launches, revenues and of course, value. In a tweet clearly drafted by a lawyer, Mira Murati, CTO...
LLM controls come at a cost to functionality. OpenAI has finally launched its voice assistant but even after months of delay, key features are missing underlining just how difficult it is to control LLMs when they have no idea what it is that they are doing, and their creators have no idea how they work. OpenAI’s voice assistant is now...
More than the PBOC is needed. China has taken a raft of measures that are finally big enough to stimulate the economy but if China really wants to see a renaissance, it will need to give the private sector more space to invest, create, succeed or fail and critically, make money. After 18 months of drudgery and depression, China’s 2024...
Qualcomm doesn’t need Intel. The vultures are hovering around Intel and while Intel will make a tasty and nutritious meal for some, I think Intel would end up sticking in Qualcomm’s crop and give it a bad case of indigestion. Multiple sources are now reporting that Qualcomm has had discussions with Intel about a possible acquisition which leads me to...
The heart of Chinese innovation is dying. China intends to become a global technology leader but the state of innovation in China is moribund meaning that unless something changes, it will fall further and further behind the rest of the world. Five to ten years ago, China was second only to Silicon Valley, with more than 51,302 (IT Juzi) start-ups...
OpenAI acts like someone with something to hide. OpenAI’s shiny new model is already stoking controversy as OpenAI is threatening to eject users who have the temerity to try and figure out how the system works in a sign that either OpenAI is on the road to AGI and doesn’t want to lose its lead or that users that will...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
AI Ecosystem – Voice part II
This time it should work properly. OpenAI is not launching a new model this year, but it is joining everyone else in declaring that voice assistants are the next big thing just as everyone did in 2018 but this time, there is a good chance that 2018’s hype becomes a reality. Crucially, OpenAI is also opening up GPT4o to developers...