AI chipmaker Cerebras withdraws plans for US stock market debut

Cerebras Systems has withdrawn its planned initial public offering (IPO) in the US, effective immediately, according to a filing made on Friday. The company, which develops AI chips and competes with established market players such as Nvidia, cited no specific reason for the withdrawal. It has requested the withdrawal of its registration statement on Form S-1 from the US Securities and Exchange Commission (SEC) after deciding not to pursue the planned public offering detailed in the filing. The S-1 form ...