AI chip startup Groq lands $640M to challenge Nvidia

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  • August 5, 2024

Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it has raised $640 million in a new funding round led by Blackrock. Neuberger Berman, Type One Ventures, Cisco, KDDI and Samsung Catalyst Fund also participated. The tranche, which brings Groq’s total raised to over $1 billion […]

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Source : AI chip startup Groq lands $640M to challenge Nvidia