U.S.-based artificial intelligence chipmaker Cerebras is preparing a new attempt to go public in the United States, according to sources familiar with the matter. The company is expected to file the required documents as early as next week, with plans to complete its initial public offering in the second quarter of 2026. Unlike previous efforts, the new filing does not include UAE-based technology group G42 as an investor, according to people close to the process. G42’s involvement had previously delayed the IPO while U.S. authorities conducted a national security review. 

Cerebras withdrew an earlier IPO attempt in October 2025 after concerns were raised in Washington regarding G42’s participation. In particular, the Committee on Foreign Investment in the United States (CFIUS) examined the relationship amid fears that advanced U.S. technology could indirectly reach China through companies based in the Middle East. Earlier this year, Cerebras announced that it had received CFIUS approval, clearing a major regulatory hurdle.

However, moving forward without naming G42 as an investor appears to be a strategic decision aimed at reducing political and regulatory risk at a time of heightened scrutiny of the AI semiconductor industry. G42’s role had been especially sensitive because it was not only a minority investor but also Cerebras’ largest customer. In 2023, the Abu Dhabi–based group accounted for approximately 83% of the company’s revenue, raising additional concerns about commercial dependence and technology control.

Headquartered in California, Cerebras is known for developing extremely large-scale chips and specialized architectures designed to train advanced artificial intelligence models. In a market dominated by Nvidia, the company has positioned itself as an alternative competitor with a distinct technical approach, keeping investor and industry interest high amid the global race to build AI infrastructure.