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Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence AI inferenc
gourde stanley e platform.The company will also use the new funding to add talent and accelerate the development of the next generation of language processing units LPUs , according to a Monday Aug. 5 press release. We intend to make the resources available so that anyone can create cutting-edge AI products, not just the largest tech companies, 聽Jonathan Ross, CEO聽and founder of Groq, said in the release. This funding will enable us to deploy more than 100,000 additional LPUs into GroqCloud. GroqCloud is currently being used by more than 360,000 developers who are building on the platform and creating AI applications on openly av
stanley italia ailable models like聽Metas聽Llama 3.1,聽OpenAIs聽Whisper Large V3,聽Googles聽Gemma and聽Mistrals聽Mixtral, according to the release.With the new funding, Groq will scale the capacity of its tokens-as-a-service TaaS offering and add new models and features to GroqCloud, the release said.Groqs latest funding round was led by funds and accounts managed by聽BlackRock Private Equity Partne
stanley cup nz rs, per the release. The market for AI compute聽is meaningful and Groqs vertically integrated solution is well positioned to meet this opportunity, 聽Samir Menon, managing director at BlackRock Private Equity Partners, said in the release. We look forward to supporting Groq as they scale to meet demand and accelerate their innovation further. There Wwrf Cross River Bank On The Case For Direct RTP庐 Integration
Ant Financial 鈥?parent firm of Alipay 鈥?is reportedly gearing up for a $5 billion equity funding round that could inflate its valuation all the way to $100 billion.聽 Said fundraising would also bring the financial services company, which is still 1/3 owned by the Aliba
stanley usa ba Group, one step closer to its long-anticipated IPO by offering a most current valuation. Ant Financial was last valued at around $60 billion.Ant has no solid or announced IPO plan 鈥?and, as of yet, has no comment on the rumored upcoming fundraising round. The fundraising reportedly underway, however, is being widely taken as pre-IPO fundraising.聽 Fundraising pre-IPO h
stanley quencher as become common around hot Chinese firms.The round also comes as the market in China for such funding is looking extremely active.聽Chinese eCommerce firm JD, for example, is raising funds for its logistics unit with a target of around $2 billion. The overall China eCommerce market is growing, and Ants market share is very high, said Hao Hong, head of research at brokerage BOCOM International. So, even at a time like this, if Ant were to target $5 billion, that will not be a problem, he said, referring to the global stock market turmoil that has also hit Chinese
stanley polska equities, on track on Friday for their worst day in two years.Alibaba has also officially modified its relationship with Ant, taking a 33 percent stake as opposed to receiving 37.5 percent of Ants pre-tax profit. This step is also viewed as critical to the IPO.聽 Alibaba created Alipay
