AI chip startup Groq secures $1.5 billion commitment from Saudi Arabia

(Reuters) – Monday Semiconductor launch Groq said a $ 1.5 billion commitment to expand his advanced AI chips.

Groq, which was founded by the former alphabet engineer, is known to produce chips in AI, which optimizes speed and perform pre-trained models.

The beginner exists an agreement with Aramco’s digital, a large-scale oil-owned oil subsidiary, through which companies built the most important AI hub in the region in December.

The obligation that did not have special details on the investment schedule or location, declared during the global technology event of Saudi Arabia.

In August, Groq appreciates $ 640 million after 640 million dollars to $ 640 million by Cisco Investment, Samsung Catalysp Fund and Blackrock.

(Reports that in Benengur. Edit by Mohammed Safi Shamsi)