THIS WEEK IN ENTERPRISE by Robert Hof
Are IPOs finally back? It sure looks like it, if Cerebras’ monster initial public offering this week is any indication.
After raising its offering price twice, the stock rose 68% on the first day of trading, after the maker of huge artificial intelligence chips raised at least $5.5 billion. That success seems likely to spur SpaceX, OpenAI and Anthropic to pull the trigger on their expected IPOs sooner than later.
In case you wondered if Nvidia’s stock price is getting too pricey — given that its market cap is approaching an almost unbelievable $6 trillion — wonder again. Dave Vellante and David Floyer contend that Nvidia is leading nothing less than a historic shift to a new platform for enterprise computing — one that will utterly change business models in the process.
Agent wrangling seems to be everyone’s focus now, as it becomes apparent that enterprises just aren’t going to let these autonomous AIs loose in their operations without more control. IBM’s Red Hat weighed in with its offering this week at its summit, but we also saw services from SAP and Honeycomb, following others from WS02, Collibra and others in previous weeks.
