Could we not just make bigger wafers, if the technology called for it?
Cerebras pretty much has to be at the end of what can fit on a single wafer. Larger wafers would require retooling one of the most up-front-expensive industries, and denser is not arriving fast enough. I expect their scale-out story to rhyme with NVidia et al working at rack scale and beyond, just denser. A rack of Cerebras has 400 G networking for two wafers today.