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The Nexus
BUSINESSMay 8 · 18:59 UTCBLOOMBERGRebecca Torrence, Ryan Gould, Anthony Hughes

AI Chipmaker Cerebras Is Said to Plan Raising IPO Price Range

Cerebras Systems Inc. closed a $1.1 billion funding round, valuing the company at $8.1 billion. The company is a data center operator and maker of artificial intelligence chips. Cerebras is planning to raise its IPO price range.

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