archiveCerebras

Cerebras Systems, the Silicon Valley-based AI chip startup, has officially pulled back its plans for a U.S. initial public offering (IPO), just days after raising an impressive $1.1 billion in private funding. The decision has caught many in the tech and investment worlds by surprise, especially as the IPO market...

In what appears to be a glowing endorsement for AI hardware, Silicon Valley startup Cerebras Systems has raised $1.1 billion in new funding. The investment raises the company’s valuation to $8.1 billion and brings 1789 Capital — a venture fund linked to Donald Trump Jr. — into the fold as...