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TechCrunch
29 minutes ago
- TechCrunch
Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation
In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn't yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about nine months. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by Blackrock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund. Groq was founded by Jonathan Ross, who previously worked at Google developing its Tensor Processing Unit chip. The startup emerged from stealth in 2016. This new raise comes after Groq announced in May an exclusive partnership with Bell Canada to power the telco's large AI infrastructure project. In April, Groq partnered with Meta to offer AI infrastructure to speed Llama 4 inference. Neither Disruptive nor Groq immediately returned our request for comment.


Bloomberg
30 minutes ago
- Bloomberg
Senator Warren on Fed Rates, Housing Act and Epstein Case
Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump's tariffs are to blame for higher interest rates. Speaking on "Balance of Power," Senator Warren also comments on the Senate's "ROAD to Housing Act" and convicted sex offender and Jeffrey Epstein accomplice Ghislaine Maxwell's scheduled testimony before a congressional committee's investigators next month. (Source: Bloomberg)


New York Post
an hour ago
- New York Post
Trolls make sick Luigi Mangione-inspired memes about Blackstone executive Wesley LePatner who was killed in NYC shooting
Sick social media trolls celebrated the death of Wesley LePatner, the Blackstone executive killed in Monday's midtown mass shooting, sharing depraved Luigi Mangione-inspired memes. A photo of LePatner with the phrase 'LUIGI'D' stamped in red across the face of the former senior managing director of Blackstone circulated on the internet following the shooting spree at 345 Park Ave. on Monday. 4 Blackstone executive Wesley LePatner was among those killed in Monday's midtown mass shooting. Courtesy of Blackstone 4 A sickening image of LePatner with the phrase 'LUIGI'D' stamped in red across the face of the former senior managing director of Blackstone circulated on social media. X/@Pinko69420 'Wesley LePatner, CEO of Blackstone Real Estate Income Trust, has been evicted from the mortal plane,' read the tasteless post shared on Facebook to thousands of likes. The dreadful post referenced the infamous Luigi Mangione, accused of killing UnitedHealthcare CEO Brian Thompson on the streets of Midtown Manhattan in a targeted assassination on Dec. 4. Mangione has become a cult-figure in some gutter-minded circles, which valorize the alleged assassin as a courageous critic of the healthcare industry. Other dirtbag leftists posted the phrase 'CEO DOWN' and openly mocked the mourning of the mother of two who was killed with an M4 carbine while leaving work during rush-hour Monday. 4 LePatner was one of four people killed in the office tower shooting spree on Monday. Blackstone LePatner, 46, was a senior managing director and the CEO of Blackstone's Real Estate Income Trust —- a $53 billion portfolio, according to Bloomberg. 'We cannot properly express the grief we feel upon the sudden and tragic loss of Wesley,' her family said in a statement Tuesday. 'She was the most loving wife, mother, daughter, sister and relative, who enriched our lives in every way imaginable.' 4 LePatner, 46, was a senior managing director and the CEO of Blackstone's Real Estate Income Trust —- a $53 billion portfolio, according to Bloomberg. X / @UJAfedNY The company further memorialized the loss of its valuable employee. 'Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed,' Blackstone said in a statement to The Post. LePatner was one of four people killed in the office tower shooting spree on Monday. Shane Tamura, 27, also allegedly killed NYPD police officer Didarul Islam, Rudin Management employee Julia Hyman, and security guard Aland Etienne before turning the gun on himself on the 33rd floor of the skyscraper.