AI chipmaker Cerebras recently highlighted a plan to raise as much as $3.5 billion through an initial public offering (IPO). The company is seeking to counter rivals including Nvidia in the AI sector.
In a filing with the US Securities and Exchange Commission, Cerebras stated it plans to sell 28 million shares in the offering, priced between $115 and $125 apiece to raise $3.5 billion.
At the high end, Bloomberg reported Cerebras could be worth up to $26.6 billion in the IPO.
The news agency stated Cerebras planned to go public in 2024 but withdrew the paperwork after shifting its business model away from selling hardware towards offering a cloud-based service on its own chips.
The chipmaker delivered its first systems in 2020 and the second generation in 2022, but GPUs were not yet the bottleneck for AI. In 2025, AI inference demand exploded and speed became commercially critical.
In January 2026, Cerebras announced a multi-year agreement with OpenAI, which the AI company valued at over $20 billion. OpenAI committed to deploying 750 megawatts of Cerebras compute, and the two companies agreed to co-design future hardware and models together.
In March 2026, Amazon Web Services signed a binding term sheet to become the first hyperscaler to deploy Cerebras inside its own data centres.
The company has a three-pronged approach: on-premises hardware for customers who need full data and infrastructure control; its own cloud offering where customers pay by month, year, or token; and through partner clouds.
Source: Mobile World Live
Image Credit: Stock Image
