Some key creators of and internal Google AI project — the Tensor Processing Unit, or TPU — recently left to team up with Chamath Palihapitiya, of Palo Alto-based Social Capital, to create. Groq now has eight of the first 10 people from the TPU team “building a next-generation chip,” says Palihapitiya. Social Capital is a partnership of philanthropists, technologists and capitalists utilizing venture capital as a force to create value and change on a global scale.
All start-ups are hard, but a new chip company is something most venture capitalists won’t touch. The research and development costs required to get a working prototype can be exorbitant. Then there’s manufacturing and the Herculean challenge of finding device makers to take a chance on unproven technology.
See CNBC’s interview with Chamath Palihapitiya, and its breaking story on Groq.