1813 ET - Cerebras CFO Bob Komin says the company's cloud-based inference offering better meets the needs of customers who don't want to hold their own hardware or commit to deploying chips in a data center, after Cerebras's revenue from cloud and other services surged 272% to $144.9 million in the third quarter. "We chose to begin to lease data center capacity and grow our private cloud as quickly as possible towards gigawatt scale. This general strategy appears to have been sound as data center capacity is now very scarce and we have a lot of it under contract," Komin tells analysts. "Even more importantly, once we had our private cloud, we were able to demonstrate the value of fast inference to the entire market and drive more demand for it."
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