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Nvidia Backs Groq in $350M Down Round After Talent Deal

Bloomberg Read original source (opens in a new tab)
The Story

News Summary

  • Groq raised $350 million at a $3.5 billion valuation, down 50% from last year, with Nvidia joining the round after previously licensing Groq's tech and hiring key staff.
  • Groq is now pivoting to expand AI inference data center capacity.
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