Nvidia made a very smart move with its $20 billion licensing transaction with Groq. As inference becomes the next biggest phase in global AI scale and adoption, Groq, one of the fastest growing, best executing companies we have ever invested in. Became a must-have to add an inference layer to the Nvidia ecosystem.
Groq CEO and founder Jonathan Ros and team have been on an epic trajectory since launching. Adding over 2.5 million developers to their cloud, closing large global partnerships and building data centers faster than any modern-day AI infrastructure company. As a benchmark, OpenAI has 4 million developers they acquired in years vs months.
While we are thrilled to see this record AI industry outcome. We were also a bit surprised based on our belief that Growq was heading to IPO, and a potential $100 Billion valuation in the next 24 months post IPO.