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CBRS — Cerebras Systems News Story

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Cerebras gains after Altman says co is a "close partner"

BUZZ-Cerebras gains after Altman says co is a "close partner"

** Shares of chip designer Cerebras Systems CBRS.O up 2.8% at $171.08 in extended trading

** OpenAI CEO Sam Altman says Cerebras is a "close partner" and that the companies have "deep engagement pushing on the frontiers of speed"

** Comment comes after speculation that Cerebras chips were used to serve OpenAI's GPT6.1 Sol Ultrafast model

** CBRS shares have fallen 10% from their IPO price of $185 in May


(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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