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Challenging Nvidia, AI chip company Groq successfully raised $640 million: valuation soared to $2.8 billion
AI chip startup Groq announced on Monday that it had recently completed a $640 million (currently about RMB 4.567 billion) financing, with the goal of creating a new chip that can handle AI reasoning and other tasks faster. After completing this round of financing, Groq has raised more than $1 billion in total, and the company's valuation has reached $2.8 billion (currently about RMB 19.983 billion). It was reported that the company initially planned to raise $300 million at a valuation of $2.5 billion, but the company's AI chip was recognized by investors, so...- 2.1k
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