Groq raises $640 million led by Blackrock, increasing its valuation to $2.8 billion. The funding round brings the total raised to over $1 billion, more than doubling the previous valuation of ~$1 billion in April 2021.
Groq is creating LPUs that can run generative AI models like OpenAI's ChatGPT at 10x the speed and one-tenth the energy. Founder Jonathan Ross is known for helping invent Google's TPU.
Meta's chief AI scientist Yann LeCun joins Groq as a technical advisor, providing a powerful ally in the competitive AI chip space. Stuart Pann, former head of Intel's foundry business, becomes Groq's COO.
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