Groq, a company developing chips to compete with Nvidia in the large language model space, is reportedly in discussions with investors to raise between $300 million and $500 million. This funding round could value the company at $6 billion post-investment, doubling its $2.8 billion valuation from August 2024. The potential capital injection suggests strong investor interest in Groq's technology and its ability to challenge Nvidia's dominance in the AI chip market.