Cerebras, an A.I. Chipmaker Trying to Take On Nvidia, Files for an I.P.O.
The New York Times
The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.
For two years, stock investors wanting in on the frenzy around artificial intelligence have had only a few tech industry options: big companies like Microsoft and Nvidia. But that is set to change in the coming weeks with the market debut of Cerebras, a chip company with bold ambitions to take on Nvidia.
Cerebras, based in Sunnyvale, Calif., unveiled its investor prospectus on Monday, taking an important step toward listing its shares on the stock market. In doing so, the start-up aims to break the drought of hot I.P.O.s and take advantage of investor excitement for all things A.I.
Just 82 companies went public in the United States in the first half of the year, a slight uptick from last year, according to data collected by EY. Only 24 of them, including the social network Reddit and the data security company Rubrik, were venture-capital-backed start-ups. In May, Crunchbase News calculated that, at the current pace, it would take 49 years for all private start-ups based in the United States valued at $1 billion or more to go public.
Even though conditions to go public are good — interest rates are falling, and tech stocks are trading up — many companies have pushed I.P.O. plans to 2025, hoping to avoid any market volatility caused by the presidential election.
“It’s almost like a wait-and-see type of environment,” said Mark Schwartz, an I.P.O. advisory leader at EY.
Cerebras would be among the first A.I. companies to go public since OpenAI released its ChatGPT chatbot in late 2022. Tempus A.I., a health care company, and Astera Labs, a semiconductor company, both listed their shares this year.
The reality star who rose to fame on “The Secret Lives of Mormon Wives” is being investigated for domestic violence along with the father of one of her children.
A new study found that women who went through so-called premature menopause had 40 percent more fatal and nonfatal heart attacks over the course of their lives.
In a stroke of luck, astronomers saw the comet C/2025 K1 (ATLAS) break into four or five fragments in November after it passed close to the sun.
New A.I. bots can do more than just chat. They can edit files, send emails, book trips and cause trouble.
The series, “inspired” by the story of a royal dresser later convicted of murder, is getting added attention over the former Duchess of York’s ties to Jeffrey Epstein.
Lawyers for both sides in the federal lawsuit, brought by six medical organizations, are trying to understand the ramifications of the judge’s decision.
Andy Weir discusses his science-fueled novel “Project Hail Mary,” which has been adapted into a film that opens in theaters on Friday.
After years of criticism and financial risk, Palantir, Anthropic and small start-ups are generating rewards from their investments in defense tech.
In a legal filing, the government said it questioned whether the A.I. start-up could be a “trusted partner” in wartime, which led it to label the company a supply chain risk.
Before humanity sent satellites, telescopes, humans and weapons into space, Robert Goddard experimented with the first liquid-fueled rocket on his aunt’s farm.
A draft State Department memo outlines ways the Trump administration may ratchet up pressure on the African country by ending health support “on a massive scale.”
A Florida bill that would have regulated artificial intelligence, backed by Gov. Ron DeSantis, failed to gain traction after President Trump made it clear he did not want states to rein in the technology.
The series, “inspired” by the story of a royal dresser later convicted of murder, is getting added attention over the former Duchess of York’s ties to Jeffrey Epstein.