After Nvidia’s $20B not-acqui-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 arrangement with Nvidia that saw the licensing of its technology and the departure of key staff, Groq is reportedly raising $650 million in new capital. The funding, supported by existing investors like Disruptive and Infinitium, aims to accelerate the startup's inference cloud business. This service provides developers and enterprises with specialized infrastructure for processing AI prompts, a high-demand sector currently outpacing model training in the industry.
(Source：TechCrunch)