Cerebras Systems Raises Record $5.55 Billion in Largest U.S. IPO of 2026
Cerebras Systems priced its IPO at $185 per share, valuing the Sam Altman-backed AI chipmaker at $56.4 billion as shares begin trading Thursday.
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Chegg Jumps into AI Model Training – Shares Soar as Learning Giant Brings Expert Data to Big Tech
Chegg enters AI training using STEM experts and data; shares jump as big tech shows interest.
EchoStar Stock Surges as FCC Approves $40 Billion Spectrum Sale to SpaceX and AT&T
AT&T buys 50 MHz for 5G ($23B) and SpaceX gets 65 MHz for Starlink direct-to-device ($17B).
C3 AI Q4 Bookings Miss Expectations Despite Meeting Revenue Targets as Siebel Returns as CEO
C3 AI met revenue goals, reduced losses, saw the CEO return, and achieved cost savings, but weak bookings hit shares.
eBay Slams the Door on GameStop’s Bold $56 Billion Takeover Attempt
eBay rejected GameStop’s $56B takeover offer, saying it’s risky, not realistic, and could hurt its growth and add too much debt.
GitLab Prepares for the “Agentic Era” with Major Restructuring and Layoffs
GitLab plans job cuts, adds AI to automate work, and restructures teams to adapt to a new AI-driven era.