TechThe Information3h ago
Cerebras Prepares Public Listing, Eyes $35 Billion-Plus Valuation
TL;DRAI chip maker Cerebras plans IPO with $35B+ valuation target.
Why it matters: Major signal of investor appetite for AI hardware alternatives to Nvidia dominance.
Chip startup Cerebras is planning to make its IPO paperwork public as soon as Friday, The Information reported Thursday. It aims to raise more than $3 billion and seeks a valuation of at least $35 billion, which represents a 60% premium to its last private valuation of $22…
Read full articleSource: The Information · Opens in new tab