Groq bags $750M to challenge GPU dominance in AI chips

AI chipmaker **Groq Inc.** has raised $750 million in a new funding round, valuing it at $6.9 billion. The capital raises its total funding to over $3 billion. Groq is developing language processing units (LPUs) as an alternative to traditional GPUs, aiming to optimize inference workloads. With demand for efficient AI compute rising, Groq positions itself as a contender to reshape chip infrastructure for large models and edge deployment.