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
Feb 4 (Reuters) - AI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion.
The round was led by Tiger Global. Other investors included Benchmark, AMD, Coatue and Donald Trump Jr.-backed 1789 Capital.
AI-linked companies have continued to draw billions in private financing as corporations and governments race to scale the still-nascent technology.
(Reporting by Ateev Bhandari and Manya Saini in Bengaluru; Editing by Tasim Zahid)
