Cerebras closed its first trading day near a $100 billion market cap as investor demand for AI chips boosted the IPO wave.

Nvidia rival Cerebras Systems disclosed its US IPO filing, moving closer to public markets as demand for AI chips surges across the industry.

OpenAI unveils GPT-5.3-Codex-Spark, delivering over 1,000 tokens per second through partnership with Cerebras for ultra-low latency AI coding assistance.

Benchmark Capital commits $225 million to AI chipmaker Cerebras Systems in $1 billion Series H round, valuing the Nvidia rival at $23 billion ahead of Q2 2026 IPO.

OpenAI has announced a landmark $10 billion agreement with chipmaker Cerebras to deploy 750 megawatts of AI computing power by 2028, significantly expanding its hardware infrastructure and reducing its reliance on Nvidia.