Loading...
News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Cerebras Systems completed its initial public offering, raising $5.5 billion after pricing shares at $185, well above the expected range. The stock opened at $385, a 108% jump, and traded above $330 mid-day. The Nvidia rival turned profitable with $510 million in 2025 revenue.
Cerebras, a Silicon Valley AI chip company, saw its shares open at $350, an 89% rise from its $185 IPO price, giving it a $75 billion valuation. The debut raised at least $5.6 billion and marks the largest public offering this year. It signals upcoming big IPOs from firms like SpaceX, OpenAI, and Anthropic amid AI excitement.
Cerebras completed its initial public offering on Thursday, raising $5.5 billion after pricing shares at $185 each the previous evening. This price exceeded the updated range of $150 to $160 and followed an expansion of the offering to 30 million shares. Pre-market activity shows strong demand from retail investors, pointing to a significant opening jump, with the company achieving a fully diluted valuation of $56.4 billion.
Cerebras Systems plans to sell 28 million shares at $115 to $125 each in an IPO that could raise $3.5 billion and reach a $26.6 billion market cap. The move benefits recent investors from its February Series H and OpenAI executives with stakes. Strong demand shows banks receiving $10 billion in orders for the shares.
AI chip company Cerebras Systems plans to list on Nasdaq with ticker CBRS. The firm aims to raise up to $4 billion at a $40 billion valuation in its second IPO push after withdrawing the first filing last October. Shares will price between $115 and $125, with revenue hitting $510 million in 2025 alongside its first profit.
Tim Cook will leave his role as Apple CEO in September, with hardware executive John Ternus set to succeed him. The TechCrunch Equity podcast examines the shift's impact on startups amid App Store pressures and new app trends. Hosts also cover SpaceX's $60B option to buy Cursor, Anthropic developments, and IPO plans for Revolut and Cerebras.
Cerebras Systems, a maker of fast AI hardware for training and inference, has filed for an initial public offering. The company withdrew a prior filing in 2024 due to a federal review of an investment from G42. Recent deals include partnerships with AWS and OpenAI, alongside strong 2025 revenue figures.
Cerebras, a Silicon Valley AI chip company, filed an investor prospectus on Friday, showing revenue up 75 percent to $510 million and a $238 million profit last year. The move comes amid a surge in tech IPOs from SpaceX, OpenAI, and Anthropic. Previously reliant on one major customer, Cerebras aims to go public after withdrawing an earlier filing.