California-based Cerebras Systems went public in the largest IPO of 2026 so far and the biggest tech offering since 2019. Founded in 2015, the AI hardware company's exponential growth is driven in large part by its strategic partnership with UAE AI leader G42. UAE organizations including G42 and MBZUAI generated 86% of Cerebras revenue in 2025 and 85% in 2024, with an additional $1.4 billion in long-term purchase agreements in place.
Major G42-Cerebras collaborations include:
• 5GW UAE-US AI Campus: Cerebras AI chips will power an estimated 40MW of the 5GW campus in Abu Dhabi
• Condor Galaxy: Nine interconnected supercomputers valued at $900 million being developed, with three already online in the US
• World's Largest AI Chip: Co-developed using Cerebras' signature wafer-scale technology
• Advanced AI Models: UAE AI models including K2 Think V2 and Jais 2 trained on Cerebras systems
Why This Matters
UAE AI demand is fueling American frontier tech companies, accelerating US firms from innovation to scale at unprecedented speed. With the world's highest AI adoption rate, the UAE deploys American technology across the entire AI value chain—from infrastructure firms and cloud platforms to hardware developers like Cerebras. The partnership creates a powerful model: UAE sovereign capital and rapid deployment generate the demand certainty American tech firms need to expand operations and maintain global competitiveness.
“The [G42-Cerebras] partnership changed us. It showed what’s possible when a country plans in decades and when technology companies find partners who share their urgency. Great ideas don’t have borders." – Andrew Feldman, Founder and CEO of Cerebras Systems, Source
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