Cerebras Systems' IPO roadshow is underway following its April 17 S-1 filing with the SEC, targeting a mid-May Nasdaq listing (ticker: CBRS) at a $22–25B valuation led by Morgan Stanley, Citigroup, Barclays, and UBS.
The company posted $510 million in 2025 revenue (76% YoY growth) and swung from a $485 million loss to $87.9 million net income.
Its anchor customer, OpenAI, signed a $20 billion multi-year compute contract for 750 megawatts of Cerebras wafer-scale inference capacity.
The WSE-3 chip is 57 times larger than Nvidia's H100, with 900,000 AI cores and 250x more on-chip memory — making Cerebras the most credible public-market challenger to Nvidia's AI chip dominance to emerge since Arm's 2023 debut.
China Formally Blocks Meta's $2B Acquisition of AI Agent Startup Manus Breaking TechCrunch | April 27, 2026 China's government formally blocked Meta's $2 billion acquisition of Singapore-based AI agent startup Manus following a months-long export-control probe, ordering the deal unwound and reportedly placing Manus founders under exit bans.
The ruling signals Beijing's intent to prevent frontier AI agent technology from passing to US control, even when companies are incorporated in third countries.
The block also deals a direct blow to Meta's strategy to acquire its way into the AI agent market, representing one of the most significant geopolitical AI deal interventions to date.