Groq

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) briefly hit $4 trillion market cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract. What Happened: Groq has spoken to investors about raising...

Groq, a U.S.-based startup specializing in AI chips, has launched its first European data center in Helsinki, Finland as part of the company's international expansion and goal to meet the rising demand for AI services across Europe.  The Details: Groq's new Helsinki location was developed in...

Ark Invest CEO and Founder Cathie Wood is no stranger to loving companies that are founded and/or run by Elon Musk, with her early bets on Tesla, SpaceX and others. The Ark Venture Fund, which offers access to private companies, added to its stake in a Musk company during the first quarter. This is...

Nvidia Corp. (NASDAQ:NVDA) rival Groq announced on Tuesday that it will deploy AI in Saudi Arabia in 2024, in partnership with Aramco Digital, at the ongoing Global AI Summit (GAIN) in Riyadh, Saudi Arabia. What Happened: Jonathan Ross, founder and CEO of Groq, made the announcement at the GAIN...

Jonathan Ross, the CEO and founder of Groq, a company that specializes in chips for AI and is a rival of Nvidia Corp. (NASDAQ:NVDA), is on the brink of doubling his company’s valuation to $2.5 billion with a new funding round led by BlackRock Inc. What Happened: Groq (not to be confused with ...

Chamath Palihapitiya, the billionaire investor and former Facebook executive, has advised developers to consider using Groq Inc.’s AI models to enhance their applications and extend their financial runway while they search for "Product Market Fit" or PMF.  What Happened: On Sunday,...