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

Send us Fan MailReceive the podcast to your inbox = www.agdillon.com/subscribe00:22 | 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 market09:12 | 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 systems19:41 | 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?