American AI chip maker Groq has announced a $1.5 billion investment from Saudi Arabia to boost its production of advanced AI chips. Founded by Jonathan Ross, ex-Google employee and TPU developer, Groq specializes in inference chips, with its new Language Processing Unit (LPU) expected to launch in early 2024. This funding will help expand their data center in Dammam, leveraging a partnership with Aramco Digital. This move solidifies Groq's position as a key competitor in the AI market, especially against giants like Nvidia.
Groq's $1.5 billion commitment from Saudi Arabia positions it as a formidable competitor to Nvidia in the rapidly growing AI chip market.
With its self-developed Language Processing Unit, Groq aims to optimize AI inference and attract users moving away from closed models like GPT-4.
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