Cerebras Systems, an AI chipmaker that lists among its competitors tech giants Nvidia, Microsoft, and Intel, filed for an IPO Monday, looking to capitalize on widespread enthusiasm about the AI industry.

To take market share from Nvidia, Cerberas would need to add application software that is more advanced and useful than Nvidia’s CUDA.

The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.