Groq's CEO said the company came close to running out of money a few years ago. The semiconductor startup, founded by ex-Google engineers, cut most employees' salaries in favor of equity.

Six months ago, AI chip startup Groq was flying so far under the radar that one of its few newsworthy moments was when its ...

Feb 10 (Reuters) - U.S. semiconductor startup Groq said on Monday it has secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced AI chips to the country.

When Groq faced a cash crunch a few years ago, CEO Jonathan Gross asked staff to cut their cash salaries.AP Groq's CEO said the company came close to running out of money a few years ago.

An icon in the shape of a lightning bolt. Impact Link Semiconductor startup Groq was once so close to going broke that the CEO took inspiration from the US's fundraising during World War II.