Startup EnCharge AI raised more than $100 million in a Series B funding round led by Tiger Global to bring more efficient and less expensive AI chips to the market, the company said on Thursday.

Saudi Arabia has announced a $1.5 billion investment in Silicon Valley-based AI startup Groq to expand AI inference infrastructure in the region.

Last year, Groq announced an initiative to build an AI data center in Dammam, Saudi Arabia. The facility is optimized for ...

GlobalFoundries stock gained after Needham analyst Quinn Bolton upgraded the stock from Hold to Buy and a price target of $50 ...

Among the biggest projects is a $5 billion green AI data center in NEOM’s Oxagon, the futuristic industrial zone on the Red ...

By bnm Gulf bureau US semiconductor startup Groq has secured a $1.5bn commitment to expand its artificial intelligence chip ...

During the latest LEAP 2025 event, US chip startup Groq secured up to $1.5 billion in investments from Saudi Arabia.

AI chip company Groq has secured a $1.5 billion investment from Saudi Arabia to expand AI inference infrastructure in the ...

American AI chip maker Groq reports that it has received a $1.5 billion commitment from Saudi Arabia. With this, the Middle ...

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

The kingdom’s Leap 2025 tech show is the backdrop for huge investment, plus debate over the future of artificial intelligence ...