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Cerebras’ near-record IPO Artificial intelligence chipmaker Cerebras made its highly anticipated public debut on May 14. Founded in 2016, the Sunnyvale, California-based company develops AI compute systems designed for machine learning and high-performance computing applications across enterprise customers. Cerebras has distinguished itself through its wafer-scale processors, among the largest and most powerful AI chips ever built, positioning the company as a notable challenger to semiconductor giant NVIDIA (NASDAQ: NVDA).