Here's your Forbes Daily Briefing for Tuesday, August 6th.

Today on Forbes, the AI Chip Boom saved this tiny startup,

now worth $2.8 dollars it's taking on NVIDIA.

Jonathan Ross's first inkling that something was wrong came back in February

while he was speaking to a host of Norwegian Parliament members and tech execs in Oslo.

Ross, the 42 year old CEO of AI Chip startup Grock, was in the middle of a demo he hoped would vitalize the languishing company, an AI

chatbot that could answer questions almost instantaneously faster than a human can read.

But for some reason, it was lagging slightly. It unnerved Ross, who was

pitching a Grock-powered European data center that would showcase the specialized

chips responsible for those super fast answers.

He recalls, quote,

I just kept checking the numbers.

People didn't know why I was so distracted.

The culprit was an influx of new users.

A day before Ross's Oslo meeting, a viral tweet from an enthusiastic developer

raving about, quote, a lightning-fast AI answer engine sent tons of new traffic to the online demo buckling the company's servers.

It was a problem but a good one to have.

To clear up any confusion, Ross's Grock, spelled G-R-O-Q, is completely different and separate from

Elon Musk's AI Chatbot Grock, spelled G-R-O-K, which is made by Musk's company, X-A-I.

When Ross founded his Grock eight years ago,

his idea was to design AI chips explicitly

for what's known in the industry as quote

...