Cerebras expected to stage major IPO on Monday as tech executives prepare for Trump-Xi meeting in Beijing

UAE-based AI chipmaker Cerebras is expected to make its public debut on Monday, with its initial public offering likely to be the biggest IPO of 2026 so far. The startup counts Amazon and OpenAI among its customers.

Nvidia CEO Jensen Huang and Apple CEO Tim Cook are expected to join the US delegation to Beijing, where President Trump and Chinese President Xi Jinping are scheduled to meet later this week to discuss trade, the war in Iran, and powerful AI models.

The trial between Tesla CEO Elon Musk and OpenAI resumed on Monday. Musk is seeking damages and a reversal of OpenAI's transition to a for-profit, contending that OpenAI's CEO Sam Altman and president Greg Brockman misled him into donating millions with the understanding it would remain a nonprofit.