Groq lines up $650m for ‘neocloud’ spin-out after $20b Nvidia deal
Groq is raising up to $650 million from existing investors to fund a new “Groq2” entity, just months after inking a $20 billion licensing and asset deal with Nvidia that effectively rewired the AI chipmaker’s future. Summary Groq seeks up to $650m to build AI “neoclouds” after Nvidia tie-up. Nvidia’s $20b Groq agreement leaves cloud
