✉news BusinessStartups first seen 1 d ago, last 7 h ago, peak #1
Groq-Backed Venture Firm Targets $10 Billion Megafund
Original: Exclusive | Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund
The venture firm known for backing chip startup Groq is raising a $10 billion megafund, according to a Wall Street Journal exclusive. The fundraise would rank among the largest ever assembled by a venture capital firm and reflects continued heavy investor appetite for artificial intelligence and semiconductor bets despite market volatility.
Why now: Investors are closely watching huge new AI-focused funds as signs of where capital is flowing in the semiconductor boom
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1342498