CEREBRAS SYSTEMS INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on Nasdaq under the symbol CBRS.
Based in California, the company makes specialized, high-performance computer chips for artificial intelligence and other applications. Unlike industry leader Nvidia, which cuts several chips from a wafer of silicon, Cerebras leaves all of those designs on the wafer. This method, called Wafer Scale Engine, reduces the need to connect hundreds of chips through a network.
In the second quarter of 2024, Cerebras lost $50.9 million on $69.8 million in revenue compared with a $26.2 million loss and $5.7 million in revenue a year earlier.
G42, a leading AI and cloud computing firm based in the United Arab Emirates, is both a investor in and major customer of the company. That could hurt Cerebras’ growth, particularly as the U.S. government cracks down on shipments of advanced chips to China through other countries.
We’ll keep an eye on the progress of the IPO and update our analysis when more information becomes available.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
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