AI chip firm Cerebras Systems files to withdraw US IPO

(Reuters) -AI chip firm Cerebras Systems on Friday filed to withdraw, effective immediately, its plans for an initial public offering in the United States. Last year, Cerebras filed for an initial public offering on the Nasdaq. The offering was delayed by a U.S. national security review of a $335 million investment by G42, an Abu Dhabi-based cloud computing and AI company. Cerebras on Tuesday said it raised $1.1 billion, bringing the company's valuation to $8.1 billion. (Reporting by Prakhar Srivastava in Bengaluru; Editing by Alan Barona)

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