TechCrunch·4 min read·medium
Groq raises $350M to fuel its pivot from AI chips to neocloud
R
Rebecca Bellan
✦AI Summary
AI startup Groq has raised $350 million at a $3.5 billion valuation as it pivots from chip manufacturing to a 'neocloud' infrastructure provider. The company now focuses on operating Nvidia-based systems for AI inference after losing its founding team to Nvidia.
Startup Groq has raised $350 million as it continues to pivot from an AI chipmaker to a neocloud company that provides powerful GPUs and AI infrastructure services.
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