After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M
TechCrunch
AI chip startup Groq is reportedly seeking $650 million in new funding to expand its inference cloud business.Summary
Following a $20 billion partnership with Nvidia that involved employee departures and technology licensing, AI chip startup Groq is reportedly raising $650 million from existing investors. This new capital will support the company's expansion into its inference cloud business, which provides infrastructure for hosting AI applications. The funding round has strong backing, with investors Disruptive and Infinitium reportedly guaranteeing the investment if other shareholders decline.
(Source：TechCrunch)