Cerebras Systems, Ranovus win $45 million US military deal to speed up chip connections


FILE PHOTO: FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo/File Photo

SAN FRANCISCO (Reuters) - Cerebras Systems, a Silicon Valley-based AI chip company, and Canadian chip startup Ranovus said on Tuesday that they had been awarded a $45 million contract from the U.S. military to speed up connections between computing chips.

Cerebras, which aims to challenge Nvidia in the AI chip race, has already filed for an initial public offering. Unlike most competitors whose chips are a bit larger than a U.S. postage stamp, Cerebras makes chips the size of a dinner plate. It is betting its roughly foot-wide chip can outperform Nvidia's cluster of smaller chips.

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