AI Chip Startup Groq Nears $600 Million Funding Deal (Correct)

Artificial intelligence chip startup Groq Inc. is set to raise about $600 million in a new funding round that gives the company a roughly $6 billion valuation, according to people familiar with the talks.

The latest round is being led by the venture capital firm Disruptive, which committed more than $300 million to the deal, said the people, who asked not to be identified discussing private information.

Representatives for Disruptive and Groq declined to comment.

The fundraising is still being finalized, and the details could change. The Information on Tuesday reported that Groq had slashed more than $1 billion off ...