Techub News reports that, according to TechCrunch, AI chip manufacturer Cerebras Systems announced plans to issue 28 million shares at $115 to $125 per share, aiming to raise $3.5 billion, with a valuation of up to $26.6 billion. If successful, this will be the largest tech IPO since 2026. The company has close ties with OpenAI, with OpenAI executives like Sam Altman serving as its angel investors. Cerebras focuses on AI-specific chips, the Wafer-Scale Engine 3, claiming to outperform traditional GPUs in inference speed and energy consumption. This IPO may signal market demand for larger-scale tech IPOs.

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