Mar 13, 03:04 PM

Abu Dhabi's Firm Eyes $100 Billion in AI, Semiconductors; Launches 8 ExaFLOP Supercomputer

Abu Dhabi's new investment firm is set to focus on AI and semiconductors, potentially surpassing $100 billion in assets under management. Mubadala and AI firm G42 have been named as foundational partners for this venture. In related developments, Cerebras and G42 have initiated the construction of Condor Galaxy 3, an AI supercomputer projected to reach eight exaFLOPs of performance. This marks a significant advancement in AI technology, with Cerebras introducing third-generation wafer-scale chips and outperforming Nvidia's H100 chip. Cerebras Systems CEO Andrew Feldman emphasized the company's leadership in AI innovation. The Condor Galaxy 3, built using 64 Cerebras CS-3 systems, represents a major milestone in AI supercomputing.