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Chipmaker Cerebras looks to make a splash in the AI sector
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Chipmaker Cerebras looks to make a splash in the AI sector
AI chipmaker Cerebras recently highlighted a plan to raise as much as $3.5 billion through an initial public offering (IPO). The company is seeking to counter rivals including Nvidia in the AI sector. In a filing with the US Securities and Exchange Commission, Cerebras stated it plans to sell 28 million shares in the offering, priced between $115 and $125 apiece to raise $3.5 billion. At the high end, Bloomberg reported Cerebras could be worth …
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