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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.… The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United States. A day after Meta CEO Mark Zuckerberg talked about his newest social media experiment Threads reaching “almost” 200 million users on the company’s Q2 2024 earnings call, the platform has…

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