capital
After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
May 29, 2026
Groq is reportedly raising $650 million in internal funding as it shifts from hardware toward AI inference, according to Axios. The move comes after Nvidia’s $20 billion “not-acqui-hire” deal and signals that inference-focused chip startups are still attracting large capital rounds.
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.
Source: techcrunch.com