AI chipmaker Cerebras files for IPO to take on Nvidia

AI chipmaker Cerebras Systems has filed for an IPO, with plans to trade under the ticker 'CBRS' on the Nasdaq. Despite a net loss in the first half of 2024 and 2023, the company reported revenue growth. Key competitors include Nvidia, AMD, Intel, and various cloud providers.

• Cerebras Systems filed for an IPO to list as 'CBRS' on Nasdaq.
• The company had a $66.6M loss on $136.4M in sales in H1 2024.
• Cerebras competes with Nvidia in the AI chip industry.
• Their WSE-3 chip claims more cores and memory than Nvidia's H100.
• The majority of 2023 revenue came from a UAE-based AI firm.