Cerebras files for IPO as it challenges Nvidia in AI chips

Cerebras disclosed that its sales increased to US$136.4mil in the first six months of the year, up from US$8.7mil in the period a year earlier. — Reuters

NEW YORK: Cerebras Systems Inc, a startup that looks to challenge Nvidia Corp in artificial intelligence (AI) computing, filed for an initial public offering (IPO) on Monday and released financial information showing a fast-growing but still relatively small operation.

In a filing with the US Securities and Exchange Commission, Cerebras disclosed that its sales increased to US$136.4mil in the first six months of the year, up from US$8.7mil in the period a year earlier.