A nearly anonymous Silicon Valley company is shattering revenue records and is already worth close to $25 billion — and all it makes is cables.
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The company is called Credo, and it has doubled in value since the start of the year, after surging 245% last year.
But the cables Credo makes are no ordinary cables.
Each end of these cables contains chips that process the signals, stripping out noise and amplifying them — enabling a single cable to transfer hundreds of gigabits of data every second.
These cables are used to move data between the massive server clusters powering the AI revolution, and without them, inter-server communication would become a serious bottleneck.
A single cable can cost up to $500 per unit, which explains the company's impressive record-breaking revenues.
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These images, previously published by Elon Musk, show the thousands of cables carrying data through the server farms of xAI, his artificial intelligence company. The purple cables are closely associated with Credo.
This company reminds us that behind every locomotive in the economy, there are carriages — rapid growth in a new industry feeds an ecosystem of supporting industries that sustain and build it.
AI will continue to disrupt and displace companies, but other companies with solutions we've never heard of will rise to take their place.
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👋 Hi, I'm Shlomo Strauss — follow me for more interesting content on science and technology.