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 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 A company spokesperson did not immediately comment on Friday’s filing.<\/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":58833,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,4562,553,111,139,5742,69,145],"class_list":{"0":"post-58832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-breaking-news-technology","12":"tag-business-news","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nvidia-corp","16":"tag-nz","17":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/58832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=58832"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/58832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/58833"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=58832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=58832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=58832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}