Tech-Reader AI Digest for Fri May 15 2026
Tech-Reader AI Digest Friday, May 15, 2026 #AI #TechNews #Digest Story 1: Cerebras Debuts at $95 Billion — Largest Tech IPO Since Uber, Down 10% Friday What happened: The AI IPO wave officially began Thursday when Cerebras Systems made its Nasdaq debut. Cerebras shares opened at $350, up from its $185 IPO price, and closed up 68% at $311.07. The chipmaker sold 30 million shares, raising $5.55 billion — the largest U.S. tech IPO since Uber's debut in 2019. The company's market cap closed Thursday at approximately $95 billion. Cerebras shares closed down 10% Friday after the blockbuster debut, a standard first-day-pop correction pattern in high-demand IPOs. The business behind the debut: Cerebras revenue surged from $290 million in 2024 to $510 million in 2025 — 76% year-over-year growth — driven by 69% hardware growth and 99% cloud services growth. The company reported an operating loss of $145 million in 2025, driven by heavy R&D investment. The technology...