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Cerebras Systems faces delays in IPO as CFIUS review remains unresolved

  • The initial public offering (IPO) of Cerebras Systems Inc., an artificial intelligence chip-making company, is facing delays due to unresolved national security clearance and the review by the Committee on Foreign Investment in the United States (CFIUS).
  • Cerebras executives are waiting for key appointments to be made by the White House and for the CFIUS review to be completed, as approval is needed for the IPO due to an investment by G42, which has ties to China.
  • Cerebras produces specialized computer chips for AI and high-performance computing workloads, claiming they are more powerful and cost-effective than Nvidia Corp.'s graphics processing units.
  • The delay in the IPO is also attributed to concerns that CFIUS staffers might be hesitant to approve large deals during a time of government employee cuts, and due to previous concerns about G42's China links.

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