20VC: Cerebras CEO on Why Raise $1BN and Delay the IPO | NVIDIA Showing Signs They Are Worried About Growth | Concentration of Value in Mag7: Will the AI Train Come to a Halt | Can the US Supply the Energy for AI with Andrew Feldman

Things are moving at a rate that six, eight, twelve months out, everybody's unsure. It's so fast. It's so big. There is unbelievable demand, and nobody knows where it will go in the future. The question of depreciation is how much faster are future generations than the current generation? That's the actual question on depreciation. People often say we we don't have enough power in The US, and this is strictly wrong. We have plenty of power. It's in the wrong places. Risk comes in financial markets where people fundamentally underestimate risk. No company ever went bankrupt by paying extraordinary people too much. This is 20 VC with me, Harry Stebbings, and I'm so excited for the show today. Following our blockbuster episode with Jonathan Ross at Grok last week, I'm so excited to welcome another leader in the space today in the form of Andrew Feldman, cofounder and CEO of Cerebras, building the world's fastest AI inference and training. Now Cerebras recently closed a $1,100,000,000 series g round at an $8,100,000,000 valuation with names like Fidelity, Tiger, Valor and others included in the round. They've leapfrogged GPU limits, operated trillions of tokens per month and are filing to go public very soon. This was an incredible discussion. I'm so grateful to Andrew for his friendship, and I hope you enjoy the show. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data, and the projects that we're working on across dozens of platforms, products, and tools. That's why we use Coda, the all in one collaborative workspace that's helped 50,000 teams all over the world get on the same page. Offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity, and their turnkey AI solution, the intelligence of Coda Brain, is a game changer. Powered by Grammarly, Coda is entering a new phase of innovation and expansion, aiming to redefine productivity for the AI era. Whether you're a startup looking to organize the chaos while staying nimble or an enterprise organization looking for better alignment, Coda matches your working style. Its seamless workspace connects to hundreds of your favorite tools including Salesforce, Jira, Asana, and Figma, helping your teams transform their rituals and do more faster. Head over to coda.io/20vc right now and get six months off the team plan for startups for free. That's coda, coda,.io/20vc and get six months off the team plan for free. Coda.io/20vc. And talking about trust, today customers expect it faster than ever and that's why over 10,000 global companies trust Vanta. Vanta automates up to 90% of the work for in demand compliance standards like SOC two, ISO 27,001, and more using smart AI to centralize workflows, manage risk, and get you audit ready in weeks, not months. So you can stop chasing paperwork and start closing deals. And a …