AI chipmaking firm Cerebras Systems’ Stock Launch is delayed once more as the general public itemizing’s nationwide safety evaluate drags on.
Cerebras, which initially filed its intent to Stock Launch in September 2024, thought the incoming Trump administration would assist it breeze by way of its nationwide safety evaluate, in keeping with Reuters. That hasn’t been the case.
The White House has but to fill a number of vacancies, together with the assistant Treasury secretary for funding safety — the place that oversees the Committee on Foreign Investment within the United States — which suggests the division that oversees some of these evaluations is incomplete, Reuters reviews.
The chipmaker’s Stock Launch initially triggered a nationwide safety evaluate as a result of a $335 million funding the corporate obtained from Abu Dhabi-based G42, an AI holding firm, with earlier ties to Chinese tech large Huawei.
Cerebras declined to remark.
