The chief financial officer of Cerebras said that the adjusted gross margin for the second quarter would have been 500 basis points higher had it not been for rising costs due to expanding cloud capacity by leasing back more of its own systems.

The chief financial officer of Cerebras said that the adjusted gross margin for the second quarter would have been 500 basis points higher had it not been for rising costs due to expanding cloud capacity by leasing back more of its own systems.