Why the hottest tech IPO of the year matters for the AI race with China and in the Middle East

On Thursday, shares of Sunnyvale, California-based AI chipmaker Cerebras went public and nearly doubled in the moments after it opened on the Nasdaq at $185 per share. It closed out the day at $311 per share marking a 70% increase in the price of the stock, giving it a $95 billion market cap, and making it the large…

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