Arm Holdings (ARM) and majority owner SoftBank Group (SFTBY) expressed preliminary interest in acquiring AI computing company Cerebras Systems (CBRS) weeks before its expected initial public offering, but the company rebuffed the interest, people familiar with the matter told Bloomberg’s Ed Ludlow, Ryan Gould and Ian King. Cerebras is due to price its shares Wednesday in an IPO that could value it at around $34B, the report noted.
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