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.
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