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 agreements with Nvidia for a reported $20 billion which involved the departure of some top-level senior Groq employees to the chip giant and the licensing of Groq’s hardware technology to Nvidia. That deal was good news for the startup’s invest…
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