By Prakhar Srivastava (Reuters) -AI chip startup Cerebras Systems, which competes with industry leader Nvidia in the booming AI chip market, on Friday filed to withdraw its plans for an initial public offering in the United States, effective immediately. Its withdrawal comes as U.S. IPO activity picks up in recent months, reversing an earlier slowdown caused by trade-policy uncertainty, with recent listings drawing strong investor demand. Cerebras on Tuesday said it raised $1.1 billion in a funding round led by Fidelity Management & Research and Atreides Management, valuing the company at $8.1 billion. "Given that Cerebras just very recently completed a sizeable fund raise, it is of no surprise that they are holding off to pursue the IPO at this time," said Josef Schuster, CEO of IPO resea

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