Groq's move is quite interesting; shifting from chip manufacturing to building a new AI cloud, with a base of 20 billion in licensing fees, and raising 650 million in funding to develop Groq2. It seems they think selling shovels isn't as profitable as directly renting out mining farms? Nvidia's agreement is also quite nuanced—supporting a potential competitor while locking in a technical path. The industry landscape is about to change.

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MarsBitNews
AI startup Groq is raising $650 million for a new entity
Mars Finance News: After AI chip manufacturer Groq Inc. reached a licensing agreement worth $20 billion with Nvidia (NVDA.O), it is now raising up to $650 million from existing investors to set up a new company. The new company, called “Groq2,” is reportedly shifting away from chip manufacturing and instead focusing on building “AI neoclouds” services.
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