# AI chipmaker Cerebras Systems is preparing for a massive initial public offering.

*semiconductor · news · 2026-05-02 · The Economic Times*

## Key points

- Cerebras Systems increased its IPO fundraising target from $2 billion to $4 billion.
- Indications of interest in Cerebras' IPO orders already exceed $10 billion.
- Cerebras' latest funding round in February valued the firm at $23 billion, up from $8.1 billion.
- Revenue from Abu Dhabi's G42 dropped from 85% in 2024 to 24% in 2025 for Cerebras.
- Cerebras resolved all CFIUS issues and G42 is not a 5% shareholder in the current filing.

**Companies:** Nvidia Corp, Cerebras Systems, Tiger Global Management, Advanced Micro Devices, G42
**Countries:** United States, United Arab Emirates

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/ai-chipmaker-cerebras-is-said-to-target-up-to-4-billion-in-ipo/articleshow/130719500.cms)

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