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

TechCrunch cites Axios reporting that AI chipmaker Groq is seeking $650 million in internal funding. The company is reportedly pivoting from hardware toward AI inference, the stage focused on how models respond to prompts. The report comes after Nvidia’s $20 billion not-aqui-hire, underscoring continued investor attention around AI compute and inference infrastructure.