TECH NEWS
After Nvidia’s $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M
In Brief 10:27 AM PDT · May 29, 2026 Groq is looking to raise $650 million in new funding from existing investors, sources tell Axios, as it leans into its inference neocloud business that relies on its homegrown AI chip and systems. In December, Groq struck one of those not-an-acquisition