00:00Cerebras CEO Andrew Feldman acknowledged the company mishandled communication around its IPO withdrawal last week.
00:08In a LinkedIn post, Feldman explained that the company still plans to go public, but needs to revise its prospectus due to major business changes and new financials.
00:17Cerebras recently raised $1.1 billion at an $8.1 billion valuation, bringing in new investors not named in its original filing.
00:26The company continues to position its AI chips as a strong alternative to GPUs, even as giants like NVIDIA and AMD compete for dominance in the space.
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