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AI chip startup Groq forms new business unit, acquires Definitive Intelligence

TechCrunch · 1y ago

AI chip startup Groq forms new business unit, acquires Definitive Intelligence

Groq, a startup specializing in high-speed chips for running generative AI models, has formed a new division called Groq Systems. This division aims to expand Groq's customer base in the enterprise and public sector, including government agencies. As part of this expansion, Groq has acquired Definitive Intelligence, an AI solutions company. Definitive Intelligence CEO Sunny Madra will lead GroqCloud, Groq's cloud platform. The acquisition is strategic in positioning Groq as a leader in the highly competitive market for custom AI chips. Groq's LPU inference engine is claimed to run large language models 10 times faster than existing solutions.

Related News

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation | TechCrunch

TechCrunch · 10d ago

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation | TechCrunch

AI chip firm Groq is negotiating to raise $600 million at a $6 billion valuation, doubling from a $2.8 billion valuation in August 2024. Previously, Groq raised about $1 billion, including $640 million led by BlackRock. The new round is led by Disruptive. Founded by ex-Google employee Jonathan Ross in 2016, Groq recently partnered with Bell Canada and Meta for AI infrastructure projects. The company is emerging as a significant competitor in the AI chip industry.

Marvell wins new AI chip business, but at lower margins

Economic Times

Economic Times · 1y ago

Marvell wins new AI chip business, but at lower margins

Marvell Technology has secured new business partnering with major US-based cloud computing companies to develop custom chips for artificial intelligence (AI). However, Marvell noted that this custom chip unit has lower profit margins compared to its other lines of business. Despite this, Marvell expects the AI chip business to generate $2.5 billion in sales by 2026. Marvell competes with companies like Broadcom and is developing AI chips for multiple customers to be released in the coming years. The profitability of Marvell's custom chip unit is being closely monitored by investors as it competes with industry leader Nvidia.

The Mindblowing Experience of a Chatbot That Answers Instantly

Wired · 1y ago

The Mindblowing Experience of a Chatbot That Answers Instantly

Groq, a startup that develops chips optimized for large language models (LLMs), has introduced a chatbot that generates responses in just a second. The fast turnaround time is a result of Groq's custom-built hardware, the Groq Language Processing Unit (LPU), which is specifically designed for LLMs. The CEO of Groq, Jonathan Ross, claims that the lower operating cost of the Groq chips will offset the initial expenses. This technology has the potential to revolutionize the AI industry and challenge dominant players like Nvidia. However, concerns about supply chain limitations and trademark disputes remain.

AI chip startup Groq valued at $2.8 billion after latest funding round

Economic Times

Economic Times · 1y ago

AI chip startup Groq valued at $2.8 billion after latest funding round

California-based semiconductor startup Groq has raised $640 million in a Series D funding round, led by investors including Cisco Investments, Samsung Catalyst Fund, and BlackRock Private Equity Partners. The funding brings Groq's valuation to $2.8 billion. Groq specializes in AI inference chips, which optimize speed and execute commands for pre-trained models. The company aims to compete with Nvidia in the AI chip industry and has previously adapted Meta Platforms' language model to run on its own chips. Groq will use the funding to expand its tokens-as-a-service offering and enhance its GroqCloud platform.

AI chip startup Groq valued at $2.8 billion after latest funding round

Economic Times

Economic Times · 1y ago

AI chip startup Groq valued at $2.8 billion after latest funding round

Groq, a semiconductor startup specializing in AI inference chips, has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund, and BlackRock Private Equity Partners. This funding round brings Groq's valuation to $2.8 billion. The company aims to challenge Nvidia's dominance in the AI chip industry. Groq plans to use the funding to expand its tokens-as-a-service offering and enhance the GroqCloud platform. They also announced the appointment of Stuart Pann as the chief operating officer and Yann LeCun as a technical advisor.

Startup Ecosystem Mourns The Loss Of Good Capital Cofounder Rohan Malhotra

Inc42 · 10m ago

Startup Ecosystem Mourns The Loss Of Good Capital Cofounder Rohan Malhotra

- Rohan Malhotra is the co-founder of Good Capital, a venture capital firm, alongside his brother Arjun Malhotra. - Good Capital launched its first fund with a target corpus of $25 million under Rohan's leadership. - The firm specializes in backing startups at various stages, from pre-seed to Series A. - Some notable investments in Good Capital's portfolio include Meesho, simsim (acquired by Google), Definitive Intelligence (acquired by Groq), and Autonomic (acquired by Ford).

Meta finalises Scale AI deal, valuing startup at $29 billion; recruits its CEO for 'superintelligence' team

Economic Times

Economic Times · 1m ago

Meta finalises Scale AI deal, valuing startup at $29 billion; recruits its CEO for 'superintelligence' team

Meta Platforms has invested in Scale AI, valuing the startup at over $29 billion. The investment amounts to $14.3 billion, and Scale AI’s CEO, Alexandr Wang, will join a new Meta unit focused on artificial general intelligence (AGI). The move is part of Meta CEO Mark Zuckerberg’s plan to leverage Wang's business acumen to advance Meta's AI initiatives. Scale AI, founded in 2016, provides essential data labeling services for AI model training.

'Feels like magic!': Groq's ultrafast LPU could well be the first LLM-native processor — and its latest demo may well convince Nvidia and AMD to get out their checkbooks

Techradar

Techradar · 1y ago

'Feels like magic!': Groq's ultrafast LPU could well be the first LLM-native processor — and its latest demo may well convince Nvidia and AMD to get out their checkbooks

Groq, a company led by ex-Google engineer Jonathan Ross, claims to have developed the first-ever Language Processing Unit (LPU) for AI applications. The company's Tensor Stream Processor (TSP) operates like an assembly line, while also being more energy efficient and scalable. In recent demos, Groq's LPU showcased lightning-fast speeds, generating factual and cited answers with hundreds of words in less than a second. The performance of Groq's LPU puts it in direct competition with other AI models like Chat-GPT. To experience the speed firsthand, users can visit a chat page provided by Groq.

India should just fine-tune the AI models that exist: Groq CEO Jonathan Ross

Economic Times

Economic Times · 5m ago

India should just fine-tune the AI models that exist: Groq CEO Jonathan Ross

Jonathan Ross, CEO of Groq, emphasizes that India should focus on fine-tuning existing AI models rather than developing new foundational ones from scratch, leveraging available resources for AI application development. Ross suggests that India can enhance AI models for its multilingual needs more cost-effectively and efficiently. Groq, known for AI chips, plans peering networks to harness distributed AI capacities, contrasting significant investments required for proprietary development, and promoting global collaboration over competition in AI infrastructure.

Ola Krutrim business head Ravi Jain quits

Economic Times

Economic Times · 9m ago

Ola Krutrim business head Ravi Jain quits

Ravi Jain, the business head of Krutrim AI, an artificial intelligence (AI) startup founded by Bhavish Aggarwal, has left the company. This is the first top-level exit from the unicorn AI venture. It comes after recent announcements of new products and services, such as AI chip and cloud services. Previously associated with Ola, Jain joined Krutrim AI when Aggarwal assembled a team for the venture in 2023. Krutrim AI became a unicorn earlier this year after raising $50 million in funding. Aggarwal had launched the AI venture in April 2023.

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