Individuals with insider knowledge of the situation have disclosed that Cerebras, a leading supplier in the AI chip market, is currently engaged in discussions to secure approximately $1 billion in funding. With a pre-money valuation projected to hit $22 billion, the company is also gearing up to expedite its initial public offering (IPO) process. Should these negotiations prove fruitful, Cerebras's valuation is poised for a substantial surge. The AI chip industry has recently witnessed a surge in investment interest; however, Cerebras is not without its challenges. The company's heavy reliance on G42 has raised concerns among potential investors and could potentially hinder its IPO ambitions.
