Artificial intelligence firm and OurCrowd portfolio company Groq has received a $1.5 billion commitment from the Kingdom of ...

The deal valued Groq at $2.8 billion. The facility is powered by Groq’s flagship LPU, or Language Processing Unit, chips. The company says its processors are 10 times more energy-efficient than ...

Formed by the side of a pool, Groq’s money maker is the Language Processing Unit (LPU), a new category of ... delivering the same rapid generation of images, audio and even video.

Groq secures $1.5B commitment from the Kingdom of Saudi Arabia for expanded LPU™ AI inference infrastructure delivery. This agreement follows the operational excellence Groq demonstrated in ...

AI chip company Groq has secured a $1.5 billion investment from Saudi Arabia to expand AI inference infrastructure in the country. The chip company has an existing partnership with Aramco Digital in ...

Groq's CEO said the company came close to running out of money a few years ago. The semiconductor startup, founded by ex-Google engineers, cut most employees' salaries in favor of equity.

MOUNTAIN VIEW, Calif. and RIYADH, Saudi Arabia, Feb. 10, 2025 /PRNewswire/ -- Silicon Valley AI pioneer Groq has secured a $1.5 billion commitment from the Kingdom of Saudi Arabia (KSA) for ...