Groq develops cutting-edge AI inference technology enabling large-scale deployment of AI applications. Their product, the Language Processing Unit (LPU™) Inference Engine, is a hardware and software solution that offers unparalleled speed (10x), quality, and energy efficiency (1/10th) for AI computations compared to similar GPU-based inference systems. GroqCloud™ provides the infrastructure for researches to use state-of-the-art open-source Large Language Models (LLMs).  Researchers can also utilize Groq technology through the ALCF Argonne Leadership Compute Facility, which features a GroqRack™ compute cluster. This cluster consists of an extensible accelerator network comprising 9 GroqNode™ servers, organized in a rotational multi-node network topology. GroqCard™ is a single clip accelerator card that prioritizes low latency, ease of integration, and power efficiency.

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Latest News and Updates on Scale AI

AI chip startup Groq grabs the spotlight - According to Axios, Groq is preparing to secure a new round of funding in the upcoming quarter, following a recent, modest capital injection. Click here to read more.‍

Groq: The new blazing-fast AI platform that beat ChatGPT and Gemini - Groq's innovative LPU promises to significantly outperform conventional Nvidia GPUs used by popular platforms like ChatGPT. While ChatGPT's GPUs process a modest 30-60 tokens per second, Groq's LPU achieves a remarkable 500 tokens per second for smaller models and 250 for larger ones, representing a 5-8 times performance improvement. Click here to read more.

Groq Acquires a New Firm to Boost AI Capabilities - Groq makes a strategic move by acquiring Definitive Intelligence with the aim to make AI tools more accessible and speed up innovation, which positions the combined entity at the forefront of the AI revolution. Click here to read more.

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Annual Revenue and Revenue Growth

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Groq's Financial Data

<row>

<card>

Series F Valuation

<span class="date">2021-04-13</span>
<span class="value">$1.13B</span>

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Implied Valuation

<span class="date">2024-05-27</span>
<span class="value">$3.6B</span>

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Change Since Last Round

<span class="date">2021-04-13 → 2024-05-27</span>

<span class="value green">+219.1%</span>

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Return on Investment (ROI)

ROI computed as of May 27, 2024.

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Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period. Groq's broker contributions were 93% on the ask side in Q4 of 2024. Similarly, between April 1, 2024 and May 27, 2024 91% of the volume was on the ask side.

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Activity

ApeVue observed little to no institutional-level ($1M+) secondary market activity until March 2024. However, since mid-March 2024, the activity has grown exponentially, reaching 41 unique broker contributions as of May 27, 2024.

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