AI chipmaking firm Cerebras Methods’ IPO is delayed once more as the general public itemizing’s nationwide safety overview drags on.
Cerebras, which initially filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze by way of its nationwide safety overview, in line with 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 these kinds of opinions is incomplete, Reuters reviews.
The chipmaker’s IPO initially triggered a nationwide safety overview on account of a $335 million funding the corporate acquired from Abu Dhabi-based G42, an AI holding firm, with earlier ties to Chinese language tech big Huawei.
Cerebras declined to remark.