700 TPS with reasoning is awesome and it speeds things up.
Cerebras as public traded company is worth keeping an eye what they produce.
As the sibling comment to yours mentioned, if they had a reasoning model “hardware-ified” onto a custom chip (as is their plan for IIRC this or next year, a new ASIC), it’d output fast decode speeds for the regular output as well as reasoning sections. Both would be ≈equally fast.
What’s more, the only technical difference in speeds could be, and likely also is with the HC1 chip, between prefill (prompt processing) and decode (text generation) speeds. I don’t know whether it’s the case with Taalas’ chip, but in the “software-based” LLMs we typically see and use so far, those two stages hit different parts of a computer (processing/compute-bound vs. memory/bandwidth-bound).