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

Tech TechCrunch By Dominic-Madori Davis 29 May 2026 17:27 1 min read
After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M

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.

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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