AI chipmaking firm Cerebras Techniques’ IPO is delayed once more as the general public itemizing’s nationwide safety evaluation drags on.
Cerebras, which initially filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze via its nationwide safety evaluation, in accordance with Reuters. That hasn’t been the case.
The White Home has but to fill a number of vacancies, together with the assistant Treasury secretary for funding safety — the place that oversees the Committee of Overseas Funding in the US — which implies the division that oversees these kinds of critiques is incomplete, Reuters stories.
The chipmaker’s IPO initially triggered a nationwide safety evaluation attributable to a $335 million funding the corporate acquired from Abu Dhabi-based G42, an AI holding firm, with earlier ties to Chinese language tech large Huawei.
TechCrunch reached out to Cerebras for remark and can replace this story if we hear again.
Trending Merchandise
