GoKawiilCerebras, a producer of chips that run artificial intelligence models, will file to go public on Friday, two people familiar with the matter told CNBC.
The people spoke on condition of anonymity, in order to discuss internal matters.
Cerebras declined to comment.
For years, Cerebras sought to sell chips to companies, but it has begun operating the chips inside its own data centers as a cloud service on behalf of clients. In January, Cerebras touted plans to provide up to 750 megawatts of computing power to OpenAI through 2028 in an agreement valued at more than $10 billion.
OpenAI has since expanded its relationship with Cerebras in an agreement worth over $20 billion and will get warrants to buy Cerebras shares, one person said. The Information previously reported on the arrangement.
Another major expansion could be on the way.
On Oracle 's March earnings call, CEO Clay Magouyrk mentioned that the database and cloud company offers chips from Cerebras and other suppliers. But at the time, Oracle's price list did not contain references to Cerebras.