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Groq Raises $650M, Hires Execs After Nvidia Deal
What does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and is hiring new execs.
AI Data Centers Drive Automakers Into Energy Storage
Electricity demand from AI data centers is pushing everyone — including automakers like GM and Ford — into the energy storage business.
Groq Aims to Raise $650M for AI Inference Focus After Nvidia Deal
Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way AI models respond to prompted requests, per Axios.
General Compute Bets on SambaNova for Next AI Chip Breakout
General Compute is betting SambaNova will be the next breakout chipmaker.
Lawmakers Demand Answers from Instructure After Canvas Data Breaches
U.S. House lawmakers want to know how hackers broke into education tech giant Instructure twice and stole reams of data from students who use the company's flagship student data software Canvas.
Anthropic Aims for $900B Valuation in New Funding Round
The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter.