Groq Seeks $650M to Scale AI Inference Cloud After Nvidia’s $20B Technology Deal
AI chip startup Groq is raising $650 million from existing investors to expand its inference cloud business, according to reporting by Axios, as the company pivots toward hosting inference-heavy applications for developers and enterprises. The fundraise follows a $20 billion not-an-acquisition agreement with Nvidia in December, under which senior Groq employees joined the chip giant and Nvidia […]