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Benzinga
Benzinga
Business
Ananya Gairola

Nvidia Rival Groq Raises $750 Million: 'Inference Is Defining This Era Of AI,' Says CEO Jonathan Ross

Groq Jonathan Ross Nvidia NVDA Nasdaq NVIDIA Corporation Humain Ross Gerber Google Silicon Valley
Stuttgart,,Germany,-,06-08-2025:,Person,Holding,Smartphone,With,Logo,Of

On Wednesday, Silicon Valley startup Groq announced $750 million in new financing, valuing the Nvidia Corporation (NASDAQ:NVDA) rival at $6.9 billion as it expands its global footprint in AI inference infrastructure.

Major Investors Back AI Challenger

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