Reported about 3 hours ago
AI chip startup Groq has successfully raised $750 million at a post-money valuation of $6.9 billion, surpassing earlier projections of a $600 million raise. This significant funding comes as Groq seeks to challenge Nvidia's dominance in the AI chip sector with its unique language processing units (LPUs). The company, which has raised over $3 billion to date, serves over 2 million developers and offers both cloud services and on-premises hardware optimized for AI applications.
Source: YAHOO