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Groq CEO Jonathan RossTechCrunch
•86% Informative
Groq has raised $640 million in a new funding round led by Blackrock .
The chip maker is developing chips to run generative AI models faster than conventional processors.
The company says its LPUs can run existing AI models at 10x the speed and on-tenth the energy.
Groq faces increasing competition from rival AI chip upstarts and Nvidia .
Groq is investing heavily in enterprise and government outreach.
In March , Groq acquired Definitive Intelligence , a Palo Altobased firm offering a range of business-oriented AI solutions, to form a new business unit called Groq Systems .
The startup has a letter of intent to install tens of thousands of its LPUs at Earth Wind & Power’s Norway datacenter.
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