AI chip startup Groq lands $640M to challenge Nvidia
Groq, a startup developing custom chips for running generative AI workloads, has raised $640 million in new funds at a $2.8 billion valuation.
Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it’s raised $640 million in a new funding round led by Blackrock. Neuberger Berman, Type One Ventures, Cisco, KDDI and Samsung Catalyst Fund also participated.
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