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

TechCrunch • Fri, 29 May 2026

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.

What happened?

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.

Story details

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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Original source

https://techcrunch.com/2026/05/29/after-nvidias-20b-not-aqui-hire-ai-chip-startup-groq-reportedly-raising-650m/