The AI chip manufacturer Cerebras withdrew from IPO

The artificial smart chip manufacturer, Cerebras Systems, announced on Friday that it would withdraw its first public collection plan. Just a few days ago, the company announced the completion of a round of over $1 billion in financing. In a document submitted to the United States Securities and Exchange Commission (SEC), Cerebras stated that it was “at present” not intending to advance the proposed public offer, but did not state the specific reasons. The spokesperson of the company revealed on Friday that Cerebras still wished to be listed as soon as possible. When Cerebras announced the withdrawal of the IPO plan, the United States Government was in its third day of suspension, and several government agencies, including the SEC, currently maintain only a small number of staff. On Friday, the spokesperson for the company revealed that CEO Feldman considered the original offer submitted last year obsolete, especially in view of recent developments in the area of artificial intelligence. New Wave Technology