Cerebras Systems’ IPO is further delayed

AI chipmaking firm Cerebras Techniques’ IPO is delayed once more as the general public itemizing’s nationwide safety evaluate drags on.

Cerebras, which initially filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze by its nationwide safety evaluate, in response to 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 on Overseas Funding in the USA — which implies the division that oversees most of these evaluations is incomplete, Reuters studies.

The chipmaker’s IPO initially triggered a nationwide safety evaluate attributable to a $335 million funding the corporate obtained from Abu Dhabi-based G42, an AI holding firm, with earlier ties to Chinese language tech large Huawei.

Cerebras declined to remark.