CNBC’s MacKenzie Sigalos discusses Cerebras’ decision to withdraw its IPO plans, the regulatory scrutiny and customer concentration risks behind the move, the company’s new $1 billion private funding round.

Cerebras, a company specializing in artificial intelligence chips, has decided to withdraw its planned initial public offering, according to a filing with the SEC. The company cited ongoing regulatory scrutiny and concerns about its dependence on a single customer as factors in the decision.

This move comes shortly after Cerebras raised over $1 billion in private funding, giving it an $8 billion valuation. The new funding allows the company to remain private for the time being as it addresses the challenges that led to the IPO withdrawal.

AI chipmaker Cerebras pulls IPO after raising $1 billion

Seagal's got the details. Hey Mel, so AI chip maker Cerebris is pulling its IPO in a filing with the SEC. The company saying it no longer intends to move forward with the deal at this time. Now it had originally filed last September but faced hurdles including regulatory scrutiny and questions over its reliance on a single customer. Now the move also comes just days after Cerebris raised more than a billion dollars in private funding and an eight billion dollar valuation. Buying it more time to stay private. Mel.

Sanae Takaichi has been elected as the head of Japan’s ruling Liberal Democratic Party (LDP) and is therefore likely to become the next prime minister and the first woman to lead the country.

Tokyo

Japan's ruling LDP elects first female prime minister

A potential breakthrough emerged in the nearly two-year Gaza conflict Saturday as the Israeli military, following a directive from U.S. President Donald Trump, ordered a halt to its offensive operations in Gaza City.

Jerusalem

Middle East Conflict

Israel orders halt to Gaza City offensive

U.S. President Donald Trump has acknowledged Hamas's partial acceptance of a ceasefire proposal drafted with Israel, and ordered Israel to stop bombing the Gaza strip.

Washington

Trump orders Israel to stop bombing Gaza

The state Attorney-General says the city is violating the law by sharing license data with federal agencies. The El Cajon mayor has accused the state of 'bullying' cities.

El Cajon

State sues El Cajon over license plate data

Sean "Diddy" Combs was sentenced on Friday to more than four years in prison on two prostitution-related charges. It follows a roughly two-month-long trial where Combs was acquitted on more serious charges of racketeering and sex trafficking.

Manhattan

Sean "Diddy" Combs sentenced to over four years in prison

The United States Senate on Friday (October 3) failed to advance competing plans to extend federal funding and end the government shutdown, likely pushing the funding lapse into at least next week.

U.S. Senate fails to pass funding bill to end government shutdown

U.S. Secretary of Defense Pete Hegseth announced on social media another strike targeting a vessel allegedly connected to narco-trafficking off the coast of Venezuela. CBS News' Reed Cowan reports.

Hegseth announces another strike against vessel off Venezuela coast

Sarah Mullally has been named as the first female Archbishop of Canterbury in the 1,400-year history of the role, but her appointment immediately drew criticism from conservative Anglicans mainly based in Africa who oppose women bishops.

Canterbury

Church of England names first female archbishop

Israeli forces have intercepted the last vessel of an aid flotilla headed for Gaza. The convoy was in international waters, prompting accusations that Israel violated maritime law. Protests have been staged in cities around the world.

Israel's interception of Gaza aid flotilla prompts protests

U.S. President Donald Trump said that he is issuing a Sunday evening deadline for Hamas to agree to a U.S. peace proposal, backed by the Israeli government, to end the war in Gaza.

Trump issues deadline for Hamas to reach ceasefire deal

Prince William opened up on comedian Eugene Levy's Apple travel show, "The Reluctant Traveler," about his wife Kate, his mother, Princess Diana, and changes to the monarchy when he becomes king.

London

Prince William opens up about family, future plans for monarchy

The White House says the first round of mass layoffs resulting from the government shutdown could be announced on Friday. CBS News' Nancy Cordes reports.

Government shutdown mass layoffs could begin today, White House says

One of the two people who died during the Manchester synagogue attack on Thursday was possibly struck by police gunfire, authorities say. CBS News' Imtiaz Tyab reports.

Manchester

One victim likely killed by police during Manchester synagogue attack

Russian President Vladimir Putin spoke at the Valdai Discussion Club in Sochi, Russia on Thursday (October 2). He fired back at U.S. President Donald Trump's remark calling Russia a "paper tiger", suggesting NATO might be one instead. Putin also warned that if the United States supplied Tomahawk missiles to Ukraine it would trigger a dangerous new escalation.

Sochi

Putin warns U.S. Tomahawk supply to Ukraine would trigger escalation

Ukraine and Russia have carried out another exchange of prisoners of war. About two hundred Ukrainian prisoners released by Russia have arrived in the Chernihiv region near Ukraine’s border with Belarus.

Chernihiv

Ukraine Invasion

Russia, Ukraine exchange 185 prisoners of war in latest swap

Two Jewish men were killed and three other men were seriously injured in a terror attack outside a synagogue in the northern English city of Manchester, authorities said.

Two killed in U.K. terror attack outside synagogue on Yom Kippur

President Trump has declared the U.S. is in an "armed conflict" with drug cartels as the White House calls drug runners "unlawful combatants."

Trump declares U.S. in 'armed conflict' with drug cartels

The head of the Dwight D. Eisenhower Presidential Presidential Library has resigned after sources say he resisted a request from the Trump administration to give a sword from the library's collection to King Charles.

Abilene

Eisenhower library head resigns

Two regional jets crashed into each other on the tarmac at New York's LaGuardia Airport when the wing of one aircraft hit the front end of another. One flight attendant was injured.

LaGuardia Airport

Two regional jets collide on tarmac at New York's LaGuardia Airport

Blame was thrown around by all sides on the first day of the shutdown after the White House and Congress failed to agree on a way to keep the U.S. government funded and open. The White House said layoffs to the federal workforce were ‘imminent.’

White House says federal worker layoffs ‘imminent’ after shutdown

Jane Goodall, the British conservationist and researcher renowned for her work with chimpanzees, has died at age 91. The Jane Goodall Institute confirmed her death on Instagram Wednesday, saying she died of natural causes.

Los Angeles

Jane Goodall, chimpanzee researcher and conservationist, dies at 91

U.S. President Donald Trump has signed an executive order, promising military action if necessary, to defend Qatar in the face of any future attack. It follows an Israeli strike on Doha last month, targeting a Hamas negotiating team. Qatar called the attack a violation of its sovereignty, prompting Trump to issue the new security assurances to the Gulf nation.

Doha

Trump signs executive order protecting Qatar after Israeli strike

The Israeli military is pressing on with its offensive in Gaza, launching strikes across the territory, as Hamas weighs up its response to the U.S. peace proposal. Debora Patta reports.

Israel continues Gaza offensive as Hamas weighs U.S. peace deal

The Supreme Court has added another blockbuster case to its new term of cases. The court announced it would hear whether President Trump can legally fire Federal Reserve Governor Lisa Cook. Jessica Levinson has more.

Supreme Court to weigh Trump firing of Fed's Lisa Cook

Flash floods in Ukraine's Odesa killed at least nine people, including a family of five trapped in their home as it was engulfed by water, emergency services said on Wednesday (October 1), as torrential rain left hundreds in need of rescue and thousands without power.

Odesa Oblast

Deadly flash floods hit Odesa after downpours in Ukraine's south

Parts of the U.S. government remain closed after Senate votes failed to pass funding. A GOP-backed House bill fell short of the 60-vote threshold, leaving 750,000 federal workers facing furloughs and possible military pay delays.

Government shutdown continues after Senate votes down resolutions

In Afghanistan, concerns are growing after days of virtually no internet connectivity. The blackout has disrupted banking, commerce and aviation. The Taliban denies banning internet services.

Kabul

Afghanistan imposes internet blackout

U.S. President Donald Trump said on Tuesday that Hamas militants have about three or four days to respond to his Gaza peace plan proposal or face the consequences. But Gazans saw little hope in the plan, which was presented to Hamas after Israel had endorsed it as satisfying its war aims.

Hamas under pressure as Trump issues deadline on Gaza peace plan

U.S. President Donald Trump threatened to use 'dangerous' U.S. cities as training grounds for the military at a rare meeting of top military officials where he and U.S. Defense Secretary Pete Hegseth took aim at what they called 'woke' military standards.

Trump threatens to train military in U.S. cities

At least 69 people were killed after a 6.9-magnitude earthquake shook the coastal city of Bogo and outlying rural towns in Cebu province in the Philippines, officials said. CBS News foreign correspondent Anna Coren has the latest details.

Breakdown