Cerebras Systems plans 2025 IPO, seeking to capitalize on AI growth in the Middle East.

Cerebras Systems, a chipmaker for AI systems, aims for an IPO in 2025, following U.S. clearance to sell shares to a UAE-based AI company, Group 42. The IPO market has faced a slowdown since early 2022 due to economic factors, but there are signs of recovery with upcoming IPOs from eToro and Hinge Health. Cerebras hopes to capitalize on the growing importance of AI in the Middle East.