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Cerebras Files Again to Go Public and Gives OpenAI Stock Option
Cerebras is an artificial intelligence chip company. It filed to go public on Thursday.
This is its second try. It first tried in late 2024 but dropped those plans.
As part of this new filing, Cerebras gave OpenAI a warrant. A warrant lets OpenAI buy stock in Cerebras later. Cerebras said it plans to grow its business with OpenAI.
Klear Note — Going public means a company sells stock to the public. Warrants let buyers purchase stock later at a set price. AI chip makers are in high demand as companies race to build AI systems.
Key Terms 3
- artificial intelligence
- Computer systems that can think and learn like humans
- filed to go public
- A company applies to sell shares to everyday investors
- warrant
- A right to buy a company's stock at a set price later