Key Takeaways Cerebras Systems, an artificial intelligence (AI) chipmaker looking to grow its share of a competitive market, filed for an initial public offering (IPO) on Monday.The company makes larger chips specifically designed for AI technology and says its products have more on-chip memory and bandwidth than competitors.

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

The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.