AI chipmaker Cerebras confidentially files for US IPO

Aug 1 (Reuters) - Artificial intelligence chipmaker Cerebras Systems has confidentially filed for an initial public offering in the United States as it prepares to challenge industry heavyweight Nvidia  (NVDA.O), opens new tab .
The eight-year-old startup will court investors at a time when enthusiasm for AI remains high, boosting the fortunes of firms that supply the infrastructure critical to train chatbots.
But Cerebras could face questions about the competitive threat from Nvidia, whose dominance in the AI market helped it  join  the elite $1 trillion club and  briefly dethrone  Microsoft  (MSFT.O), opens new tab  as the world's most valuable company.

www.reuters.com/markets/deals/ai-chipmak...s-us-ipo-2024-08-01/