✉news BusinessStartups first seen 8 d ago, last 2 d ago, peak #1
Venture Firm Behind Groq Targets $10 Billion Megafund
Original: Exclusive | Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund
The venture firm that backed chip startup Groq is raising a $10 billion megafund, according to a Wall Street Journal exclusive. The fund would rank among the largest ever assembled by a venture investor, underscoring continued appetite for big bets on artificial intelligence hardware and infrastructure despite a cooling in some parts of the startup market.
Why now: Investors and founders are watching how much capital is flowing into AI chip companies as AI spending accelerates.
Evidence
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