If Cerebras can grow beyond its initial benefactor, G42, this IPO will be a rocket ship. If not, … It may be hard to believe, but there hasn’t been a single IPO for an AI hardware company. Period. Not One.

Cerebras touts the world's largest and fastest AI chip, and competes with Nvidia, a top player in the AI computing space.

Cerebras Systems Inc., a maker of chips and other tech infrastructure for artificial intelligence, filed for an initial public offering on Monday, as more startups look to make a name for themselves in a space occupied by tech juggernauts like Nvidia Corp.

To take market share from Nvidia, Cerebras would need to add application software that is more advanced and useful than Nvidia’s CUDA.

The artificial intelligence boom has been the biggest topic in financial markets for nearly two years, following the November 2022 launch of ChatGPT. And while Nvidia (NASDAQ:NVDA) has been the biggest beneficiary of the trend — as have its investors — the AI semiconductor space is about to get a bit more crowded.

Cerebras Systems, an artificial intelligence (AI) chipmaker that competes head-to-head with Nvidia ($NVDA), has filed to hold an initial public