AI1 min read
Groq raises $350M to fuel its pivot from AI chips to neocloud
Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia powered data center footprint.
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Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia powered data center footprint.
Nvidia's investment in SoftBank's data center developer will guarantee its chips power an OpenAI data center.
Nvidia has disclosed that it owns nearly 123 million shares in SpaceX, further highlighting the chipmaker’s entangled financial relationships with some of its biggest customers. The $5.5 trillion company owned SpaceX stock worth nearly $21 billion at the end of June, according to an SEC filing on...