It's no secret that we lack enough AI chips to fuel the AI revolution. This shortage is pushing people to use less advanced AI models, resulting in widespread disappointment.
However new chips are in development:
Groq, an AI hardware company competing with Nvidia, is seeking to raise $300 million with the help of Morgan Stanley. This funding aims to support the expansion and development of Groq's AI processing technology. The investment will enhance Groq's ability to compete in the rapidly growing AI hardware market by offering high-performance, scalable solutions.