AI chip provider Cerebras seeks to raise $3.5B in IPO at $26.6B valuation

Cerebras Systems Inc., a maker of supersized artificial intelligence chips, today disclosed the financial terms of its upcoming public offering. The company hopes to raise as much as $3.5 billion by selling 28 million shares for $115 to $125 apiece. Cerebras’ underwriters, the banks entrusted with coordinating its listing, have the option to buy another […] The post AI chip provider Cerebras seeks to raise $3.5B in IPO at $26.6B valuation appeared first on SiliconANGLE .