Andrew Feldman, co-founder of Cerebras System Inc., speaks at the Raise summit in Paris, France, on Tuesday, July 8, 2025. <\/p>\n
Nathan Laine | Bloomberg | Getty Images<\/p>\n
Artificial intelligence chipmaker Cerebras on Friday filed paperwork with the U.S. Securities and Exchange Commission withdrawing plans for an initial public offering. <\/p>\n
The agency is operating at a low volume after the U.S. government shutdown<\/a> that went into effect this week.<\/p>\n Last year Cerebras filed for an IPO as it went up against Nvidia<\/a> to make the most capable processors for running generative AI models. Earlier this week, exactly one year after the prospectus became available, Cerebras announced<\/a> that it had raised $1.2 billion at a $8.1 billion valuation. <\/p>\n At the time, Andrew Feldman, Cerebras’ co-founder and CEO, said in an interview that the company still wanted to go public, rather than continue to raise venture capital and stay private. <\/p>\n “I don’t think this is an indication of a preference for one or the other,” he said. “I think we have tremendous opportunities in front of us, and I think it’s good practice, when you have enormous opportunities, not to let them fall by the wayside for lack of capital.”<\/p>\n Cerebras still does want to go public as soon as possible, a spokesperson told CNBC on Friday.<\/p>\n Since filing for the IPO last year, Cerebras has shifted focus away from selling systems and more toward providing a cloud service for accepting incoming queries to models that use its chips underneath.<\/p>\n Feldman thought the original prospectus from last year was out of date, especially considering developments in AI, the spokesperson said.<\/p>\n The government shutdown did not factor into Cerebras’ decision, the spokesperson said.<\/p>\n This is breaking news. Please refresh for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Andrew Feldman, co-founder of Cerebras System Inc., speaks at the Raise summit in Paris, France, on Tuesday, July…\n","protected":false},"author":2,"featured_media":188139,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,2158,161,49,48,1369,61],"class_list":["post-188138","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business-news","tag-ca","tag-canada","tag-nvidia-corp","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=188138"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/188139"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=188138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=188138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=188138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}