1732 ET - Chip startup Cerebras files to go public, setting the stage for yet another AI-related IPO this year. Elon Musk's SpaceX, which merged with his AI company xAI, has filed for an IPO, and analysts and investors expect Anthropic and OpenAI to follow suit by the end of the year. Cerebras is among the fastest growing AI startups, being valued at around $23 billion after a $1 billion Series H funding round in February. It counts Amazon Web Services and OpenAI as among its customers, with the latter signing a three-year deal for computing power worth more than $10 billion, according to The Wall Street Journal. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 17:32 ET (21:32 GMT)

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