TPW DESK 
Chip designer secures new funding amid AI demand
Groq, a specialist in AI accelerators, said it raised a new round that pushed its valuation to roughly $6.9 billion, according to reporting on Sept. 17. Investors cited growing demand for high-throughput inference hardware as enterprises scale large AI deployments.
Competition sharpens in the AI silicon market
The funding comes as incumbents and challengers race to ship chips optimised for generative workloads. Analysts said Groq’s raise signals investor confidence in niche architectures that promise low latency and simple software stacks for inferencing.
