OpenAI s cozy partner Cerebras is on track for a blockbuster IPO
The story
AI chip maker Cerebras is heading for a blockbuster IPO that could value it at $26.6 billion or more. Its relationship with OpenAI is deep and rich.
From the source
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Image Credits: Pavlo Gonchar/SOPA Images/LightRocket / Getty Images Startups OpenAI s cozy partner Cerebras is on track for a blockbuster IPO Julie Bort 2:53 PM PDT · May 4, 2026 In the long-running saga that is Cerebras Systems IPO, the finish line is finally in sight. The AI chipmaker said on Monday that it is preparing to sell 28 million shares at $115 to $125 a share. This would raise $3.5 billion and give it a $26.6 billion market cap at the high end.
That would be a nice bump in just a couple of months for the late investors who piled into its $1 billion Series H at a $23 billion valuation in February. It would also be a boon to OpenAI and a few of its executives.
Who and what
Key names and topics in this story: OpenAI, Cerebras.
Where to follow next
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