AI Chipmaker Cerebras Files for IPO, Aims to Challenge Nvidia

• AI chipmaker Cerebras has filed for an IPO, aiming to challenge industry giant Nvidia.
• The Silicon Valley-based company reported a revenue of $136 million in the first half of 2024, a significant increase from $8.6 million the previous year.
• Cerebras' chip is 56 times larger than common AI chips, potentially offering faster data processing.
• CEO Andrew Feldman expressed confidence in taking significant market share from Nvidia.
• The company's IPO could break the drought of AI companies going public, amidst growing demand for AI products.

Source: New York Times