Full-Time
Updated on 9/3/2026
AI accelerator hardware replacing GPUs
No salary listed
Toronto, ON, Canada + 1 more
More locations: Sunnyvale, CA, USA
Hybrid
Hybrid work is based in Toronto, Ontario, or Sunnyvale, California.
Bachelor's
See people who can refer or advise you
Cerebras Systems creates AI acceleration hardware and software. Its CS-2 system is designed to replace traditional GPU clusters for AI workloads, speeding up training and inference while simplifying the setup by eliminating the need for parallel programming, distributed training, and cluster management. The product works as a single, large processor-based accelerator with accompanying software and cloud services to run AI models efficiently, reducing latency and time to results. Compared with competitors, Cerebras differentiates itself with the largest processor in the industry and an integrated hardware-software stack that aims to streamline AI workflows rather than relying on multi-GPU clusters. The company’s goal is to help research labs, healthcare, finance, and other industries achieve faster, more cost-effective AI development and deployment by offering a turnkey high-performance AI compute solution.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Sunnyvale, California
Founded
2016
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Professional Development Budget
Flexible Work Hours
Remote Work Options
401(k) Company Match
401(k) Retirement Plan
Mental Health Support
Wellness Program
Paid Sick Leave
Paid Holidays
Paid Vacation
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Childcare Support
Elder Care Support
Pet Insurance
Bereavement Leave
Employee Discounts
Company Social Events
Cerebras Systems has announced a new AI data centre in Mikkeli, Finland, developed with Compute Nordic Finland. The facility will scale in phases to 165 MW of contracted IT capacity, with construction on the initial 50 MW phase already under way. The agreement includes seven-year contract terms for each service order. Independent analysis estimates the project represents an investment of €1.0–1.7 billion at full scale, supporting 80–250 direct permanent jobs and €0.8–2.5 million per year in property tax revenue. The facility is designed for efficiency, using closed-loop cooling systems and supporting waste-heat recovery. Capacity will scale from 50 MW to 80 MW to the full 165 MW as demand grows.
Cerebras Systems trades at $185.43, while the average Wall Street price target sits at $291.64, implying 57% upside. Ten of 11 analysts rate it Buy despite shares falling 40% from their May high of $311.07. The AI chipmaker's second-quarter revenue of $180.11 million missed the $193.55 million estimate. Management guided third-quarter core operating margin to negative 23% to negative 25%, down from negative 16% in the second quarter. The selloff was company-specific. Nvidia fell just 7% and AMD dropped 10% over the same period. UBS analyst Timothy Arcuri maintains a $330 street-high target, citing the pending CS-4 wafer-scale platform launch and gross margins expected to scale above 40% as yields mature.
Cerebras Systems reported second-quarter core revenue of $209.9 million, up 103% year-on-year and exceeding guidance of approximately $194 million. However, GAAP revenue of $180.1 million fell short of the $194.23 million consensus. The quarter revealed a sharp revenue mix shift. Cloud and other services revenue roughly quadrupled to $126 million, whilst GAAP hardware revenue declined 23% to $54.1 million. Core hardware revenue rose 17% year-on-year to $82.1 million but dropped 26% sequentially from $111.6 million. Shares fell 11.9% to $231.01 following the report. The company raised its 2026 core revenue forecast to $880–890 million from $855–865 million and reported $25.4 billion in remaining performance obligations, supported by a multiyear OpenAI agreement.
Cerebras unveiled its fourth-generation CS-4 AI system, claiming inference speeds exceeding 4,400 tokens per second per user on GPT-OSS-120B — up to 30 times faster than GPU-based solutions. The CS-4 delivers 750 PFLOPS of AI compute and 7.2 Tbps of I/O, with 10 times more throughput per watt than the previous CS-3. The company reported second-quarter 2026 core cloud and services revenues of $127.7 million, up 287% year over year. Total core revenues rose 103% to $209.9 million. Cerebras disclosed $25.4 billion in remaining performance obligations and over 600 megawatts of data-centre capacity under contract for delivery by end of 2027. The company faces competition from NVIDIA, which reported $75.2 billion in first-quarter fiscal 2027 data-centre revenues, and AMD's Helios platform.
Cerebras Systems unveiled its CS-4 server rack for AI inference on 18 August in San Francisco. The Sunnyvale, California-based chipmaker said the system uses three WSE-3 Turbo chips and new networking components. CS-4 is the first product based on Cerebras' Nexus architecture, a modular design for compute, power, and input/output. The system features programmable input/output and direct wafer links to connect wafers within and across racks with lower latency. The chips are manufactured using TSMC's 5-nanometre process. The launch follows Cerebras reporting an adjusted loss of $6.9 million on sales of $180.1 million last week. The system will be available in the third quarter. Cerebras competes with Nvidia in inference hardware for workloads such as chatbot response generation.