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Artificial IntelligenceNext FeaturedInvestors and fundingMay 30, 2026

Nvidia paid Groq $20 billion and took its top engineers. Now Groq is raising $650 million for what’s left.

Groq is raising $650 million from existing investors to fund its inference cloud business, Axios reported. The raise comes six months after Nvidia struck a $20 billion not-acqui-hire that paid out...

Groq is raising $650 million from existing investors to fund its inference cloud business, Axios reported. The raise comes six months after Nvidia struck a $20 billion not-acqui-hire that paid out Groq’s investors in cash, took several senior engineers, and licensed Groq’s hardware technology. The same investors who were cashed out in December have now […] This story continues at The Next Web

Source: The Next Web

Related: cloud

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