AI chip startup Groq lands $640M to challenge Nvidia

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. The tranche, which brings Groq’s total raised to over $1 billion and […]

© 2024 TechCrunch. All rights reserved. For personal use only.

from TechCrunch https://ift.tt/KSMZ1E8