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

TechCrunch 29 May 2026 14h ago
After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
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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.
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