Cerebras Files for IPO as It Challenges Nvidia in AI Chips (1)

Cerebras Systems Inc., a startup that looks to challenge Nvidia Corp. in artificial intelligence computing, filed for an initial public offering Monday and released financial information showing a fast-growing but still relatively small operation.

In a filing with the US Securities and Exchange Commission, Cerebras disclosed that its sales increased to $136.4 million in the first six months of the year, up from $8.7 million in the year-earlier period. Cerebras had previously filed confidentially for the IPO in August.

The Sunnyvale, California-based firm recorded a net loss of $66.6 million in the six-month period, compared with a net loss ...