Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Funding
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
China Launches $138B High-Tech Fund to Boost AI, Emerging Industries
China launches a $138 billion fund to boost innovation in AI, quantum technology, and emerging industries over the next 20 years.
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Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
7-Eleven is giving out free Slurpees to support Children's Miracle Network Hospitals on its 97th birthday.
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
Goldman Sachs’s private equity business has bought the majority stake of TAIT, the engineering company that designed the stage for Taylor Swift’s Eras Tour, for an undisclosed amount.
UK utility Thames Water urgently seeks new funding to pay off £15 billion ($19 billion) debt burden amid regulatory disputes with OFWAT and potential shutdown by May 2025.
