AI chipmaker Groq nears $600 million funding round at $6 billion valuation
Groq Inc., a startup specializing in ultra-fast AI chips, is close to raising approximately $600 million in a funding round that would value the company at around $6 billion. The capital raise is expected to support expanding production and commercial scale-up of its Language Processing Units (LPUs), which are designed for real-time AI workloads. These chips offer a key alternative to GPU-based systems in an increasingly competitive AI infrastructure market.
Groq’s rapid progress underscores strong investor belief in new architectures able to meet growing AI demand.
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