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AI startup Groq is raising $650 million for a new entity

2026-05-28 15:56:50

Mars Finance News, AI chip manufacturer Groq Inc. is raising up to $650 million from existing investors after reaching a $20 billion licensing agreement with NVIDIA (NVDA.O), to establish a new company. This new company, called "Groq2," is reportedly planning to pivot away from chip manufacturing and instead focus on building "AI new clouds" (AI neoclouds) services.

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IHateFalseProsperity.

· 5h ago

AI Neoclouds sounds like putting new wine in old bottles, but Groq's LPU latency really can pack a punch

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PuddingMarketMaker

· 5h ago

Groq2, this move is interesting—shifting from selling shovels to cloud services. Can the gross margin rise?

View OriginalReply0

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