AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal (opens original article in a new tab)

AI chipmaker Groq raises $650M and re-staffs following Nvidia's $20B not-acqui-hire deal, pivoting to its neocloud business.

• Groq confirms $650M funding round after Nvidia's $20B not-acqui-hire deal
• Groq re-staffs with new executives including Alan Rice, Sinclair Schuller, and Rakesh Malhotra
• Groq pivots to neocloud business with 13 data centers and over five million developers