Groq, a cutting-edge AI chip startup based in Silicon Valley, is making significant strides following a successful Series D funding round that injected $640 million into the company, boosting its valuation to an impressive $2.8 billion. This latest round, led by Cisco Investments, Samsung Catalyst Fund, and BlackRock Private Equity Partners, underscores growing confidence in Groq’sGroq’s potential to enhance its AI semiconductor capabilities. CEO Jonathan Ross has outlined plans to use the new funds to expand the company’s computing capacity, essential for running sophisticated AI systems.

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