Race for AI chips

New Nvidia competitor Cerebras wants to go public

Chip manufacturer Cerebras wants to go public in the USA. The US provider of special processors for artificial intelligence (AI) announced on Thursday that it had filed a confidential application with the US Securities and Exchange Commission (SEC). 

This allows companies to keep financial details of their business under wraps for as long as possible. Cerebras wants to take market share away from global market leader Nvidia with its chips. The latter currently supplies 80 percent of all high-performance AI chips.

Cerebras' planned IPO is seen as a litmus test for investors' appetite for new AI companies. On the one hand, many companies in the sector have seen their share prices multiply over the past year and a half. On the other hand, the billions invested in the construction and expansion of data centers are causing headaches for some investors. They doubt that this expenditure will pay off. They have therefore withdrawn money from technology stocks in recent weeks and invested it in other sectors.

Cerebras works with Aleph Alpha, among others. The US company supplies the supercomputers that the German software company wants to use to develop AI for the German armed forces.