AI RAISING

Cerebras raises $5.5B ahead of Nasdaq debut in landmark IPO

G42 bought about 1% of Cerebras for $40 million in 2021, meaning it stands to reap a substantial paper windfall from the Wall Street share sale

Picture by Cerebras Systems

Cerebras Wafer-Scale Cluster

AI Chipmaker Cerebras Systems, a central partner in the UAE’s AI ambitions, has raised $5.5 billion ahead of its listing on the Nasdaq today, in the biggest IPO in the U.S. this year.

The California-based startup, which...