AI chip startup Groq valued at $2.8 bln after latest funding round
- Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to $2.8 billion.
Besides big firms such as Advanced Micro Devices, many startups including Groq have been trying to nibble away at Nvidia's dominant position in the booming AI chip industry. Cloud service providers racing to develop their own AI products are also seeking alternatives to Nvidia's top-of-the-line processors due to high demand but limited supply."Groq will use the funding to scale the capacity of its tokens-as-a-service offering and add new models and features to the GroqCloud," the company said about the latest round of funds.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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