Cerebras Systems (CBRS), a maker of chips for artificial intelligence that competes against semiconductor juggernauts such as Nvidia (NVDA) and AMD (AMD), plans to launch its initial public offering during the second quarter of 2026, according to Reuters.
In October, Cerebras withdrew its plans to pursue an IPO shortly after completing a $1.1B funding round that propelled its valuation to $8.1B. Cerebras originally filed for a public offering in September 2024, but the effort stalled amid a federal review of its ties with the Abu Dhabi AI company G42. The Committee on Foreign Investment in the U.S. concluded its review earlier this year, with Cerebras announcing in March that outstanding issues had been resolved.
G42 is no longer listed as a commercial partner and minority investor in Cerebras, Reuters reported, citing people familiar with the matter. U.S. authorities had concerns that Middle Eastern companies, such as G42, might provide China access to the AI technology.
Those concerns certainly appear to have been resolved, as Cerebras is included among 24 AI companies involved in the U.S. Department of Energy’s Genesis Mission, which is a national effort to use the power of AI to accelerate discovery science, strengthen national security and drive energy innovation.
“We are proud to support the Genesis Mission and work with DOE and the National Laboratories to advance the next generation of AI-driven scientific discovery, accelerate R&D productivity, and strengthen America’s leadership in advanced computing,” Cerebras said.
Cerebras was founded in 2015 and is headquartered in Sunnyvale, Calif. Its WSE-3 chip and CS-3 system broke benchmark records in AI inference and training when they were released last year, the company reported. Its current customers include names such as Meta Platforms (META) and AstraZeneca (AZN).