A Cerebras deal from one of the world's top cloud providers could be a big boon for a company that's trying to hit the public market.
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As AI chipmaker Cerebras angles for an eventual IPO, the company appears to have landed a significant cloud-computing customer: Oracle
On a conference call with analysts on Tuesday following Oracle’s quarterly earnings, Clay Magouyrk, one of the
software vendor’s two CEOs, indicated that his company’s infrastructure includes Cerebras chips, alongside graphics processing units (GPUs) from market leader Nvidia
and rival Advanced Micro Devices
Through the public offering, Cerebras could be worth three times more than what it was in a 2025 funding round, one person said.
Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI…
The share sale could give the company a valuation of up to $24.5 billion, compared with $23 billion as of February.
The deal will help diversify Cerebras away from the United Arab Emirates G42, which accounted for 87% of revenue in the first…
Elon Musk was open to having OpenAI merge with Cerebras. Now Cerebras is looking at going public as soon as this week.
The IPO drew orders for more than 20 times the number of shares available, sources said. Read more at straitstimes.com. Read more…
