Cerebras CEO says chipmaker's 'aspiration' is to hold IPO in 2025

Toronto , Canada - 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Cerebras CEO Andrew Feldman said his hope is to take his company public in 2025 now that the chipmaker has obtained clearance from the U.S. government to sell shares to an entity in the United Arab Emirates. "That's our aspiration," Feldman told reporters on Thursday at the company's Supernova conference in San Francisco, after being asked if an IPO was likely this year. Cerebras, which makes processors for artificial intelligence workloads, filed to go public in September but hasn't provided an update on the expected size or timing of an offering. In March, the company said it had obtained clearance from a U.S. committee to sell shares to Group 42, a Microsoft-backed AI company based in the UAE. That clearance came from the Committee on Foreign Investment in the United States, or CFIUS, and marked a key step for Cerebras in its ef ... Read full article.