Nvidia competitor Cerebras plans to raise $3.5 billion through a US IPO

Odaily reports that Cerebras Systems, an artificial intelligence chip manufacturer and data center operator, plans to raise up to $3.5 billion through an initial public offering to compete in this red-hot industry. According to a filing with the U.S. Securities and Exchange Commission, the Sunnyvale, California-based company is offering 28 million shares at a price between $115 and $125 per share. Cerebras had confidentially filed for its listing earlier this year, just months after withdrawing a previous registration statement. (Golden Ten)