Groq Secures $1.5 Billion from Saudi Arabia for AI Chip Expansion

Reported about 12 hours ago

U.S. AI chip startup Groq has garnered a $1.5 billion commitment from Saudi Arabia to enhance the delivery of its advanced AI chips to the nation. Founded by a former Alphabet AI chip engineer, Groq specializes in AI inference chips and has a partnership with Aramco Digital to develop an AI hub. This funding will aid in expanding their data center in Dammam, facilitating support for technologies like the bilingual AI language model Allam, developed by the Saudi government.

Source: YAHOO

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