Axios

Groq, a Mountain View, Calif.-based artificial intelligence chip startup backed by the likes of Tiger Global and Lee Fixel's Addition, is gearing up to raise a fresh round next quarter after taking in a small recent cash infusion, the company tells Axios.

Why it matters: The company, which says its AI chips can be 10 times faster than conventional ones, is at the center of the recent firings at venture firm Social Capital.

Cocoa prices have skyrocketed to record highs, amid disruptive weather amplified by climate change and rising freight costs.

By the numbers: The benchmark cocoa contract, traded on the Intercontinental Exchange in New York set a new record on Friday, crossing $8,100 per metric ton. That's a 215 percent jump from last year, when prices were just $2,578.

If China does the unexpected and allows TikTok to be sold, there are big questions as to who would want to buy it and for how much.

The big picture: TikTok's popularity hasn't translated into profits.

Younger generations are setting the table for a different kind of dinner party tradition and new businesses are RSVPing to help.

Why it matters: Entertaining at home is one way for people to get the connection they crave, on a budget.