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Groq | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Groq is the creator of the LPU™ AI Inference Technology for fast, affordable, and energy efficient AI. Headquartered in Silicon Valley,...

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Groq is the creator of the LPU™ AI Inference Technology for fast, affordable, and energy efficient AI. Headquartered in Silicon Valley, Groq provides cloud and on-prem solutions at scale for AI applications. The LPU and related systems are designed, fabricated, and assembled in North America.

Website
Headquarters
Mountain View, California
Size
51-200 employees
Industry
Semiconductor Manufacturing
Specialities
ai, ml, artificial intelligence, machine learning, engineering, hiring, compute, innovation, semiconductor, llm, large language model, gen ai, systems solution, generative ai, inference, LPU, Language Processing Unit

🛍️ Groq Product and Pricing News →

👔 Groq CEO, Management and Leadership Team →

⚔️ Groq Alternatives and Competitors →

💼 Groq Hiring and Layoffs →

🤖 Groq Developer, Integration and Automation News →

📈 Groq Financials, Fundraising and Valuation News →

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🛍️ Groq Product and Pricing News

  • Groq has introduced a 'ramp to hardware' business model with three revenue streams: Inference API, Managed AI Services, and AI Systems, and is selling racks to the Kingdom of Saudi Arabia for their new data center.
  • On October 14, 2024, Groq released PocketGroq 0.5.6, a library for integrating with Groq API that includes features like web scraping, image handling, and an AutonomousAgent for autonomous research and question answering.
  • Groq released the Whisper large v3 turbo model, which is multi-lingual, has a lower error rate, and maintains high speed.
  • Groq is using llama-3.2 to convert PDFs to podcast scripts with tone options and plans to integrate ElevenLabs' TTS API.
  • Groq launched a new product that is over 6 times faster than OpenAI's Whisper v2 and 15% faster than their previous non-Turbo Large v3 endpoint.

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  • Groq's high-speed inference engine is now integrated with JigsawStack's Prompt Engine for use in LangChain.js, enhancing AI app development.
  • On October 8, 2024, RADPAIR launched RADPAIR 2.0, powered by Groq's LPU AI inference technology, to enhance radiology reporting with faster and more accurate AI-driven tools.
  • Radpair 2.0 now uses Groq's language processing unit AI inference technology to enhance radiology reporting with features like instant inference and intelligent AI editing.

👔 Groq CEO, Management and Leadership Team

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⚔️ Groq Alternatives and Competitors

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💼 Groq Hiring and Layoffs

  • Christopher Stephens joined Groq as Field CTO to lead AI Solutions and Customer Success.
  • Julien GROS has joined Groq as a Private Investor in France, previously working at OpenAI in the same position.
  • Stuart Pann joined Groq as Chief Operating Officer, bringing experience from HP and Intel.
  • Meta chief scientist Yann LeCun, Ross's former computer science professor at NYU, recently joined Groq as a technical advisor.

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🤖 Groq Developer, Integration and Automation News

  • Groq's LPU AI inference technology will power RADPAIR's upcoming AI co-pilot for radiologists called WINGMAN.
  • Groq has partnered with Toolhouse to enhance semantic search with their fast AI inference technology.
  • Groq has partnered with JigsawStack to enhance the speed and power of JigsawStack's Prompt Engine.
  • Groq announced a collaboration with E2B to combine fast LLMs with E2B's code interpreting layer.
  • Groq has collaborated with Meta to build 'Play,' an AI research product using the Llama3.1 open source model and a multi-terabyte vector database.

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  • Groq and Aramco Digital will start providing a lot of tokens globally later this year and in 2025.
  • Groq and Llama 3.1 built a complete API structure in VSCode using CodeGPT's CodeBuilder feature.
  • Mark Heaps announced a collaboration between Groq, Gradio, and Hugging Face for building voice assistants, offering Groq swag for cool projects.

📈 Groq Financials, Fundraising and Valuation News

  • Groq has acquired MaxelerTech, a company that provides dataflow computing platforms.
  • Global Alternative Investment Management LLC announced the successful close of its latest venture capital fund targeting strategic investment in Groq.
  • Global Alts successfully closed its venture capital fund targeting strategic investment in Groq.
  • Ventioneers recently made a strategic investment in Groq.
  • Groq raised $640 million in a funding round led by BlackRock and backed by KDDI, Samsung Electronics, and Cisco, valuing the company at $2.8 billion

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  • Groq is finalizing its Series D round with BlackRock as the lead investor.
  • BFA Global Investors invested $14.8 million in Groq AI’s Series D US equity raise.

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