The IPO drew orders for more than 20 times the number of shares available, sources said. Read more at straitstimes.com. Read more at straitstimes.com.

Elon Musk was open to having OpenAI merge with Cerebras. Now Cerebras is looking at going public as soon as this week.

Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI deals later this year.

Cerebras Systems, the AI chipmaker rival to Nvidia, is set to raise more than $5.5bn after pricing its US IPO at $185 per share.