SERBRAS CHIPS PLANS FOR PUBLIC SIGNED IN OCTOBER

Cerebras Systems, a start -up enterprise that makes semiconductor -ups for artificial intelligence uses, is according to the people familiar with the matter, the first year launch as soon as possible in October. People said that the company located in the Silicon Valley added the Barclays Bank to the list of banks working in the agreement. Serbras chose City Group Bank to be the main bank in the presentation process, according to “Bloomberg News” in April, and the company secretly applied to the list of the US Security and Exchange Committee. Persons said that the summit on the offer is still underway, and that the details of it can change, and that more banks can be added to the list of presentation directors. Representatives of “Serbras” and “Barclays” refused to comment. The upcoming operation to offer the shares of the company comes for the first time, in light of the continued general public subscriptions in the United States on a fixed road to recovery, with the collection of nearly $ 30 billion so far this year, according to the Bloomberg data. This figure is more than twice as large for the same period in 2023, although the activity level is still less than the pre -epidemic average. The artificial intelligence business may seek to achieve an evaluation in the first public offering higher than the number of $ 4 billion, which it achieved in the 2021 finance round, according to Bloomberg News last January. According to the company’s website, the CS -3, the most important “Serbras” system, has been developed to resist computer work with artificial intelligence and can be compiled to operate giant computers for artificial intelligence. Serbras raised $ 250 million in a finance round of the “F” financing round in 2021, increasing its evaluation to more than $ 4 billion, according to a statement issued at the time. The tour was then led by Alpha Wave Ventures, the Abu Dhabi Development Fund and the G42. The statement showed that the current investors in “Serbras” “” Altimeter Capital “,” Benchmark Capital “and” Coature Management “include.