CNBC September 30, 2024
Key Points
– Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering.
– It plans to trade under the ticker symbol “CBRS” on the Nasdaq.
– Cerebras had a net loss of $66.6 million in the first six months of 2024 on $136.4 million in sales, according to the filing. It had a net loss of $77.8 million and $8.7 million in sales for the first six months of 2023.
Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq.
Cerebras competes with Nvidia, whose graphics processing units are the industry’s choice for training and...
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