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News/After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
techcrunch
PublishedMay 29, 2026 at 5:27 PM
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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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