Are Mega Investments in AI Chip Startups Justified? - EE Times India

A staggering amount of money is pouring into data center AI chip companies at the moment. Data center AI chip companies are raising eye-watering amounts of money. In the last week, we've seen Groq announce a $300 million Series C round of funding, and SambaNova raise a staggering $676 million Series D. SambaNova is now valued at somewhere above $5 billion. They are not the only ones in this sector raising these huge amounts of money. Fellow data center AI chip companies Graphcore (raised $710 million, valued at $2.77 billion) and Cerebras (raised more than $475 million, valued at $2.4 billion) are hot on their heels as the sector continues to gain momentum.