Groq

Groq News: Groq Gains $1.5 Billion Saudi Investment

February 10, 2025

Groq Unicorn News - February 11, 2025

AI chip startup Groq has secured a $1.5 billion investment from Saudi Arabia, announced at the LEAP 2025 technology event. This strategic partnership aims to enhance Saudi Arabia's technological infrastructure and advance its AI sector, positioning Groq as a key player in the global AI chip market.

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( 00:00:27 ) Groq Secures $1.5 Billion Investment from Saudi Arabia

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Groq has secured a $1.5 billion investment commitment from Saudi Arabia to expand its AI inference chip technology in the region. Announced at the LEAP 2025 tech event in Riyadh, this funding is part of a larger $14.9 billion Saudi AI investment push. Groq, known for its ultra-fast AI inference chips, has already established ties with Aramco Digital, supporting the kingdom’s AI ambitions. This deal underscores Saudi Arabia’s aggressive push to become a global AI hub, attracting leading tech firms to its Vision 2030 initiative.

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Sources

1 https://biztoc.com/x/06e20a875827077c

2 https://www.channelnewsasia.com/business/ai-chip-startup-groq-secures-15-billion-commitment-saudi-arabia-4928996

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