Should this new fundraising deal close, it will double Groq's valuation in about nine months.
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The new round is being led by Iconiq Capital, with the possibility of a co-lead investor joining.
The new funding round brings the start-up’s total cash haul to more than US$2 billion and doubles its valuation.
Nvidia continues to be a big investor in the AI ecosystem.
The buzzy AI-powered autonomous vehicle software company doubles its valuation from last year -- and then some.
OpenAI and Nvidia agreed to deploy 10 gigawatts worth AI chips to power the next generation of ChatGPT.
Nvidia's revenue hit $46.7 billion in the second quarter, a 56% increase compared to the same period last year.
