Cerebras is known for making the world’s biggest computer chips, which it markets as rivals for those made by Nvidia and AMD for training AI models

The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.

Cerebras Systems Inc., a maker of chips and other tech infrastructure for artificial intelligence, filed for an initial public offering on Monday, as more startups look to make a name for themselves in a space occupied by tech juggernauts like Nvidia Corp.

(Reuters) -Artificial intelligence chip firm Cerebras Systems on Monday filed for an initial public offering in the United States. The float will test market appetite for AI-linked stocks, after concerns of excessive euphoria around the sector prompted some investors to rotate out of technology stocks and into value shares earlier this year.

AI chip startup Cerebras Systems has filed for an initial public offering (IPO), signaling its ambition to compete with industry giant Nvidia. Cerebras Systems reported more than a threefold increase in its annual revenue for 2023,