AI × CryptoBearishCrypto Briefing · May 106/10
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Cerebras Systems raises IPO price range to $150-$160 amid strong demand
Cerebras Systems increased its IPO price range to $150-$160, reflecting robust investor demand for AI infrastructure companies. This capital influx into AI hardware development signals a potential reallocation of venture funding away from cryptocurrency projects that have historically competed for the same pool of investment.