Latest / Power Players with Brian Sozzi
Groq’s founder on why AI’s next big shift isn’t about Nvidia
The race to better compete with AI chip darling Nvidia (NVDA) is well underway. Enter Groq (GROQ.PVT). The company makes what it calls language processing units (LPUs). These LPUs are designed to make large language models run faster and more efficiently, unlike Nvidia GPUs that target training models. Groq’s last capital raise was in August 2024, when it raised $640 million from the likes of BlackRock (BLK) and Cisco (CSCO). The company’s valuation at the time stood at $2.8 billion, a fraction of Nvidia’s more than $3 trillion market cap. It currently clocks in at $3.5 billion,…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.