Google’s Big AI Test Comes Next Week

Today on the AI Daily Brief, the significance of codecs coming to chat GPT Mobile, the difference between consumer and work AI, and what to expect from Google's IO event next week. Before that in the headlines, a heck of a first day for Cerebras on Wall Street. The AI Daily Brief is a daily podcast and video about the most important news and discussions in AI. Alright, friends. Quick announcements before we dive in. First of all, thank you to today's sponsors, KPMG, Granola, Bolt, and Section. To get an ad free version of the show, go to patreon.com/aidailybrief, or you can subscribe on Apple Podcasts. To learn more about sponsoring the show, send us a note at sponsors@aidailybrief.ai. While you are on a idailybrief.ai, check out our careers page. I am hiring a full time growth engineer. That is someone who is engineering growth, not a developer by training necessarily, although you will be building lots, but it is a very cool way to be a part of this ecosystem. And one final note, enterprise claw cohort three is currently enrolling. You can find out about that either from our website or at enterpriseclaw.ai. Today, we kick off with a follow-up of a story that we have been watching this week, which is the public market debut of Cerebras. TLDR, the company, delivered a massive first day of trading, kicking off a potentially significant IPO season for AI companies. Now heading into the big day, Cerebras had upsized their share offering, raised their price, and still after all of that ended up pricing the sale above their guided range. Red hot demand during the private roadshow flowed through into public markets on Thursday with the opening trade seeing the stock double in price before settling into a 68% gain at the end of trading. Cerebras began the day as a $40,000,000,000 company, touched a 100,000,000,000 for a minute, and now has a market cap of 66,000,000,000. Now predictably for a frothy IPO, and I think that is a certainly reasonable frame, the launch brought out a fair number of contrarians on the stock. CNBC's Jim Cramer warned his audience to tread carefully, arguing that the price had detached from fundamentals. While there might be a situation in the future where I can recommend Cerebras, he said, I just can't even come close to justifying the valuation up here given how much it's already run right out of the gate. For now, I say keep your bat on your shoulder and hope the stock gives you a giant pullback because at these levels, it's too rich for me. Meanwhile, General Intelligence's Andrew Picconelli was one of many declaring, quote, the Cerebras IPO may be the top. CNBC reported that there were 45 buyers for every seller of the stock, with Packy McCormick tongue in cheek arguing that the same is true for Cerebras' product, posting, once again, you people don't understand infinites. If inference demand is infinite, Cerebras at …