Nvidia Rival Cerebras Files For IPO After Scrapping Plans Last Year
Cerebras Systems, a California-based AI chipmaker and Nvidia competitor, has filed for an initial public offering with the SEC, planning to list on Nasdaq under the ticker symbol 'CBRS'. The company, valued at $8 billion, aims to raise capital for expansion amid growing demand for AI computing infrastructure.
Cerebras Systems, a California-based AI chipmaker, has filed for an initial public offering with the SEC. The company plans to list its Class A common stock on Nasdaq under the ticker symbol 'CBRS'. The number of shares and price range are yet to be determined. Cerebras competes in the AI hardware market and was last valued at $8 billion. It recently secured a landmark deal with OpenAI and partnered with Amazon to accelerate AI inference. The IPO will be managed by Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank.
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