Groq’s $650M Raise: Strategic Independence in the AI Chip Power Struggle
Groq raises $650M as AI hardware competition intensifies post-Nvidia's $20B move.
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Nvidia Corporation is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for data science, high-performance computing, video games, and mobile and automotive applications. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia has been widely described as a Big Tech company.
Groq raises $650M as AI hardware competition intensifies post-Nvidia's $20B move.
ByteDance's strategic move into custom CPU chip development aims to enhance AI capabilities and reduce reliance on suppliers.
Nvidia Corporation is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for data science, high-performance computing, video games, and mobile and automotive applications. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia has been widely described as a Big Tech company.
Nvidia has acquired Groq.
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