E143: Anduril raise at $14b; Groq raise at $2.8b; Live AI projects at JPM, MStanley, Goldman

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00:00 - Intro
00:22 - Groq’s $640M series D drives valuation by 143%
09:12 - Anduril’s $1.5B round pushes valuation to $14B
19:41 - AI use cases playing out

Groq’s $640M series D drives valuation by 143%
Semiconductor company focused on AI inference chips
Raised $640M in Series D, valuation up to $2.8B (primary)
143% increase from Feb 2024 round
Backed by Cisco, Samsung, BlackRock
Funds to scale tokens-as-a-service and deploy 108,000 LPUs by 2025
Aims to challenge Nvidia in AI chip market

Anduril’s $1.5B round pushes valuation to $14B
Defense tech company
Raised $1.5B, new valuation $14B
Significant increase from $10B in Dec 2023
Revenue doubled to $500M; 28x valuation multiple
Funding led by Founders Fund, Sands Capital; new backers: Fidelity, Baillie Gifford
Investment to expand "Arsenal" manufacturing platform; 5M+ sq ft for mass production of military systems

AI use cases playing out
JP Morgan, Morgan Stanley, Goldman Sachs all announced live AI projects in the last two months
Klarna replacing 70 employees per month with AI; headcount down from 4500 to 3700, $40m+ annual savings, more efficient and higher quality outcomes
Businesses are adopting?!
Agreed that usage will only increase from here?