Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in at…
Softbank has injected more than $450 million into a chip company, CNBC has learned, as the Japanese investment giant looks to continue its major play in AI infrastructure and hardware. Graphcore, which is developing AI chips and systems and was acquired by the Japanese giant in 2024, issued a single share at the value of…
Nvidia founder and CEO, Jensen Huang, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | AFP | Getty Images Nvidia stepped on the gas last year, putting cash into companies up and down the AI infrastructure stack and helping…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a…
Anthropic is ramping up a push to secure European data center deals to power its AI models, as it looks to hire a role for negotiating compute capacity in the region. U.S. hyperscalers’ AI infrastructure expenditure is set to top $600 billion in 2026. Anthropic is looking to capitalize on the boom and has announced…
US President Donald Trump speaks in the State Dining Room of the White House in Washington, DC, US, on Tuesday, April 21, 2026. Daniel Heuer | Bloomberg | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump has extended the…
Cerebras, a producer of chips that run artificial intelligence models, will file to go public on Friday, two people familiar with the matter told CNBC. The people spoke on condition of anonymity, in order to discuss internal matters. Cerebras declined to comment. For years, Cerebras sought to sell chips to companies, but it has begun…