FILE PHOTO: Startup Cerebras System's new AI supercomputer Andromeda is seen at a data center in Santa Clara, California, U.S. October 2022. Rebecca Lewington/Cerebras Systems/Handout via REUTERS/File Photo
(Reuters) -Cerebras Systems recorded an over threefold jump in annual revenue in 2023, the artificial intelligence chip firm said on Monday in its paperwork for a U.S. initial public offering.
Businesses racing to adopt AI applications like ChatGPT have benefited the companies behind the semiconductors needed to power the technology. AI chip leader Nvidia's stock has more than doubled in market value this year and briefly dethroned Microsoft as the world's most valuable company.
