[Nvidia-backed Groq to Raise $8 Billion in Series B Funding] Odaily reports that Nvidia-backed AI data center operator Groq has issued a Series B funding round, seeking to raise $8 billion at a pre-money valuation. This funding round means Groq plans to more than double its valuation within approximately three months. This comes amid pressure on the AI infrastructure industry, where data center operators like CoreWeave and Nebius have recently seen their stock prices sell off, raising concerns about the sustainability of the industry's massive debt-fueled AI infrastructure development. Late last year, Nvidia recruited Groq founder and CEO Jonathan Ross and other key employees through a $20 billion technology licensing deal. (Bloomberg)