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00:22 | 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 market

09:12 | 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 systems

19:41 | 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?