Last year, Groq announced an initiative to build an AI data center in Dammam, Saudi Arabia. The facility is optimized for inference, or the task of running neural networks in production after they’re trained. According to Reuters, the $1.5 billion commitment announced this week will go toward expanding the data center.

U.S. semiconductor startup Groq said on Monday it has secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced AI chips to the country.

Groq, a company that specializes in artificial intelligence semiconductors and is generally seen as a competitor to chipmaker Nvidia (NVDA),

By bnm Gulf bureau US semiconductor startup Groq has secured a $1.5bn commitment to expand its artificial intelligence chip deliveries to Saudi Arabia, as global leaders gather in Paris to discuss AI regulations,

The post Saudi Arabia Pours $1.5B into US AI Chip Pioneer Groq, Signaling Global Tech Power Shift appeared first on Android Headlines.

AI chip company Groq has secured a $1.5 billion investment from Saudi Arabia to expand AI inference infrastructure in the country. The chip company has an existing partnership with Aramco Digital in the region, under which Groq will provide the necessary scalable infrastructure to bring the voice-commanded generative AI model Norous to market.

Groq expects to receive the latest funds throughout this year to expand its Dammam data centre in Saudi Arabia.