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Updated · Bloomberg · Jun 22Groq Raises $650 Million to Expand Data Centers and Build AI Computing Business
2 articles · Updated · Bloomberg · Jun 22Summary
- $650 million in new funding will help Groq expand data center capacity as the former chip startup pushes deeper into selling AI computing services.
- Disruptive and Infinitum led the round, extending backing from existing investors that already hold board seats at the company.
- The raise marks Groq's latest step in shifting from a chipmaker into a broader AI infrastructure provider.
Insights
Having sold its 'crown jewels' to Nvidia, can Groq's cloud service truly compete using the very same technology? Is the Nvidia-Groq deal a clever partnership or a new blueprint for big tech to sidestep antitrust laws?