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AI chip manufacturer Cerebras is set to go public this week with an IPO valuation of $5.5 billion

2026-05-12 13:14

Odaily reports that artificial intelligence chip manufacturer Cerebras is set to go public this week with an IPO valuation of $5.5 billion, which could bring OpenAI an unexpected windfall of over $5 billion. OpenAI's $20 billion capital commitment may result in it acquiring an 11% stake in the AI chip manufacturer Cerebras. (Jinshi)