May 30, 2026

After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M

person using black smartphone with pink case
Amélie Mourichon / Unsplash

Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way AI models respond to prompted requests, per Axios.