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ZM Communications represents Cerebras Systems, which filed a registration statement with the SEC on Sept. 30 for an initial public offering.
Sunnyvale, CA-based Cerebras, which plans to take on Nvidia, makes semiconductors for building artificial technologies.
The New York Times noted that the Cerebras IPO offering would be among the first AI companies to go public since OpenAI released its ChatGPT chatbot in late 2022.
OpenAI on Oct. 1 closed on a $6.6B funding round, valuing the company at $157B.
Cerebras chalked up $136M in first-half revenues, compared to $8.6M in the 2023 period. It lost $67M vs. $78M a year ago.
The company plans to list in stock on the NASDAQ.
ZM Communications is the firm launched by two Qualcomm veterans. Kim Ziesemer was Qualcomm’s senior PR manager, while Heath Meyer was senior global marketing manager.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
