capital
After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M
May 29, 2026
Groq is reportedly seeking to raise $650 million in internal funding as it shifts from being primarily a hardware company to focusing more on AI inference, according to Axios. The move matters because inference is the part of AI deployment where models generate responses to prompts, and the funding suggests Groq is betting on that growing market after Nvidia’s $20B not-aqui-hire.
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