Groq

AIAI-generated summary Groq executive chairman Alex Davis has reached out to investors for a new Series B round seeking an 8 billion dollar valuation. The Nvidia-backed data center operator was previously valued at 3.15 billion dollars in August after raising 350 million dollars.

AIAI-generated summary Alex Davis and his firm have made available a new $10 billion fund intended to back about 10 companies with checks of up to $1 billion each. The capital is directed toward opportunities in open-weight AI models, compute, and defense technologies as companies stay private longer.