AI chipmaker Cerebras withdraws IPO
Artificial Intelligence Chipset Producer Cerebras Systems in question On Friday, days after he announced that he has collected over $ 1 billion in a donation collection tour, he draws a public offering plan.
In an application made with SEC, Cerebras said that he did not plan a proposed proposed bid at the moment, but did not provide a reason. A spokesman told CNBC that the company still hopes to open to the public as soon as possible.
The cerebras applied for a public offering more than a year ago, because Nvidia To create processors to run productive AI models. Filing, he felt great confidence in a single customer in the United Arab Emirates, Microsoft-G42, an investor of the corebras.
Cerebras, in the US Foreign Investment Committee in the US Foreign Investment Committee to sell shares to the G42 voluntary notification, he said. In March, the company announced that the committee allowed.
Since the first application to the public in Nasdaq, the focus of Cerebras has removed the focus on the sales systems and has shifted to offer a cloud service to accept queries to models using their chips.
The described retreat comes for three days to the closure of a US government with left agencies such as SEC, which operates with a small personnel. Inside A plan For a closure published in August, the SEC said that the electronic system was “operated in accordance with a contract in accordance with a contract, and therefore it will remain completely functional as long as the contractor remains permissible.”
On Tuesday, Cerebras said he collected $ 1.1 billion in a private financing round of a valuation of $ 8.1 billion. At that time, CEO Andrew Feldman said the company wanted to go to the public instead of continuing to increase its venture capital.
“I don’t think it’s a choice for one or the other,” he said in an interview with CNBC. “I think we have tremendous opportunities ahead of us, and I think it is a good practice not to let them fall for the lack of capital when you have great opportunities.”
Spokesman said on Friday, Feldman’s original prospectus since last year, especially considering the developments in AI, thought that it was not up to date.
Heels technology companies are quickly registered for additional infrastructure to address the demand. Tuesday Sunflower seedRenting Nvidia chips from a cloud service, he said he signed an agreement of $ 14.2 billion. Meta. ChatGPT operator Openai said last week that he committed to spend $ 300 billion on cloud services. Prophecy.
Sözcü said that the closure of the government did not affect the decision of cerebra.
WRISTWATCH: Interview with Cerebras CEO Andrew Feldman
