AI chipmaker Cerebras withdraws IPO

AI chipmaker Cerebras withdraws IPO

Andrew Feldman, co-founder of Cerebras System Inc., speaks at the Raise summit in Paris, France, on Tuesday, July 8, 2025. Nathan Laine | Bloomberg | Getty Images Artificial intelligence chipmaker Cerebras on Friday filed paperwork with the U.S. Securities and Exchange Commission withdrawing plans for an initial public offering. The agency is operating at a…

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Silicon Valley’s defense tech startups are booming as war shifts

Silicon Valley’s defense tech startups are booming as war shifts

Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…

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