If Groq should prove itself worthy, then it might become a part of the same cohort of indirect Nvidia competitors, looking for a slice of the extremely hot AI pie.

Nvidia earned an adjusted 68 cents a share on sales of $30.04 billion in its second quarter ended July 28. On a year-over-year basis, Nvidia earnings soared 152% while sales jumped 122%.

AI chip startup Groq has hired veteran tech lawyer Claire Hart as chief legal officer. Hart announced her hire in a LinkedIn post, saying she had started the job in late July. “I’m excited to ...

Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it has raised $640 million in a new funding round led by Blackrock. The ...

Groq, valued at $2.8 ... Nvidia-rival Groq opens new European data center. ... Unlike other competitors, Groq's chips do not rely on expensive, hard-to-source components like high-bandwidth memory.

Nvidia Corporation continues to grow rapidly as competitors struggle to gain a foothold in AI accelerators. Nvidia's aggressive technological progress and capacity expansion have made it very ...

The Scoop. Saudi Arabia’s sovereign wealth fund-backed artificial intelligence company HUMAIN has selected US chipmaker and Nvidia competitor Groq for its inference work, and has tapped Aramco ...

If it didn’t grow, then the company would have to pay you 30 years’ worth of revenue in order to pay back your investment! Granted, Nvidia is growing–in the second quarter, it grew quite ...

The competitive threat from Nvidia is far from the only concern on that front, as other companies also offer similar voice AI services. ... For it to grow organically at a high rate won't be easy.

News Nvidia Rival Groq Hires New CLO Weeks Before $640M Series D Veteran tech lawyer Claire Hart is taking the legal reins of Groq as it races to capitalize on the explosive growth of the AI chip ...