We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksNVIDIA Corporation (NVDA)

Previous 10 Next 10 
From: Frank Sully3/28/2021 10:41:07 PM
1 Recommendation   of 2485
AI chip start-up Groq in fundraising talks to take on Nvidia

Semiconductor manufacturers compete in race to develop machine-learning applications

Groq chief executive Jonathan Ross was involved in the development of a machine learning chip that Google used in its software program AlphaGo, which beat legendary Go player Lee Sedol (pictured) in 2016.

Miles Kruppa in San Francisco 14 hours ago 3

Semiconductor start-up Groq is in talks with investors about a round of funding that would make it one of the most well-capitalised challengers to specialised artificial intelligence chipmakers such as Nvidia.

Tiger Global Management has held discussions about leading a $300m financing in Groq, valuing the company at roughly $1bn, according to people briefed on the talks.

Groq had raised $250m of the total, including convertible notes it sold to investors last year, the people said. Tiger Global and Groq declined to comment.

The investor interest in Groq underlines the high-stakes race among chipmakers hoping to power rapid developments in machine-learning applications.

Based in Silicon Valley and founded in 2016, Groq began making its technology commercially available for the first time last year. The company’s chips are geared towards so-called inference tasks, which use knowledge gained from deep learning to make predictions on new data.

Bristol-based Graphcore and Silicon Valley-based SambaNova Systems have also raised large sums to develop AI chips that compete with Nvidia’s offerings.

Column chart of Amount invested globally, $bn showing Venture capitalists increase semiconductor investments

Groq chief executive Jonathan Ross previously co-founded a team that developed Google’s Tensor Processing Unit, a custom machine-learning chip the company uses in its data centres. Google has said the chip helped the software program AlphaGo beat the legendary Go player Lee Sedol.

In 2019, Groq claimed its “tensor streaming processor” had become the first chip able to process one quadrillion operations per second, though it has performed below those levels in customer testing.

Groq said last year it was working with customers in financial services developing autonomous vehicles, in addition to research labs, without naming them. Graphcore, which investors valued at $2.5bn in December, has struck partnerships with Dell and Microsoft.

Linley Gwennap, principal analyst at the chip research firm Linley Group, said Groq’s chips stood out for tasks that were sensitive to latency, or performance lags, such as voice command and recognition.

Gwennap said Nvidia’s chips still beat many of the newer competitors for mainstream applications, such as large data centres and cloud computing.

“Nobody’s really broken out of the start-up pack yet,” Gwennap said. “It’s going to probably take another round of products and investment to see what they can come up with.”

The new investment in Groq shows how venture capitalists have recently grown more comfortable backing upstart chipmakers after years of avoiding the sector because of the dominance of Intel and Nvidia.

Groq said last year it had raised funding from D1 Capital Partners, the venture arm of Japanese electronics company TDK and other investors, without disclosing financial details. The company received its initial funding from Chamath Palihapitiya’s Social Capital.

Tiger Global has been one of the most active venture capital investors this year, striking about one deal every two days. The firm has largely avoided early bets on tech-heavy companies such as chipmakers, preferring high-margin consumer internet and software companies.

Lee Fixel’s Addition and Spruce House Partnership, a New York-based investment firm, were also participating in the round of funding, said people briefed on the discussions. Addition declined to comment, and Spruce House did not return a message seeking comment.

Share RecommendKeepReplyMark as Last Read

From: Frank Sully3/29/2021 2:33:21 AM
   of 2485
Top ten fabless grew 26% last year

Report TOU Violation

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

From: Frank Sully3/29/2021 8:40:08 AM
1 Recommendation   of 2485
US chip giant Nvidia to recruit 600 engineers in Israel to boost AI prowess

The US firm, which completed acquisition of Israel’s Mellanox Technologies in 2020, already employs over 2,400 workers in seven R&D centers including in Yokneam, Tel Aviv, Raanana
By Shoshanna Solomon Today, 12:17 pm

Share RecommendKeepReplyMark as Last Read

To: Frank Sully who wrote (1805)3/29/2021 2:44:54 PM
From: RichInTheHeart
   of 2485
Wait, where's Intel?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: RichInTheHeart who wrote (1807)3/29/2021 4:42:04 PM
From: Frank Sully
   of 2485
Rich, Is Intel fabless? Frank

Share RecommendKeepReplyMark as Last Read

From: Frank Sully3/29/2021 8:45:23 PM
   of 2485
Knightscope Selects NVIDIA

Autonomous Security Robot Developer Begins Defining Its 5th Generation Technology

March 29, 2021 10:00 AM Eastern Daylight Time

Share RecommendKeepReplyMark as Last Read

From: Frank Sully3/29/2021 10:12:29 PM
2 Recommendations   of 2485
10 Hottest Semiconductor Companies To Watch In 2021

A look at some of the hottest chip startups and semiconductor giants in 2021 that are making big, bold moves and shaping the future of IT and beyond.

By Dylan Martin

Share RecommendKeepReplyMark as Last Read

From: Frank Sully3/31/2021 10:10:46 PM
   of 2485
Biden's $2T infrastructure plan asks for $50B semiconductor investment

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Frank Sully who wrote (1811)3/31/2021 10:50:49 PM
From: engineer
   of 2485
read that as $20B going to Intel to build fabs.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: engineer who wrote (1812)3/31/2021 11:13:48 PM
From: Frank Sully
3 Recommendations   of 2485
Where is T.J. Rodgers when we need him?

Jun 5, 1997 Updated Jun 5, 1997, 1:26pm PDT

Cypress Semiconductor Corp. CEO T.J. Rodgers opposed corporate subsidies by the government in testimony Tuesday before the Senate Governmental Affairs Subcommittee on Government Management and Restructuring. Mr. Rodgers advocates a balanced budget and limits on government subsidies to private corporations. He has been particularly critical of government-funded consortiums, such as the Sematech chip consortium, arguing that they have been ineffective in improving the competitiveness of American industry.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10