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Cerebras raised the price range for its initial public offering on Monday.
Cerebras raised its IPO price range to $150-160 per share, targeting a $49 billion valuation.
KEY POINTS
- OpenAI has reportedly committed over $20 billion to projects using Cerebras infrastructure.
- Cerebras shifted from hardware sales to offering its own AI-powered cloud infrastructure.
- Amazon Web Services partnered with Cerebras to integrate its chips into AWS data centers.
- OpenAI once considered merging with Cerebras, with Elon Musk initially supporting the idea.
COMPANIES
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