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.Nscale Locks $3.5 Billion Figure Robotics Compute Deal  ·Qatar’s Meeza Lands Major Hyperscaler Deal for 8MW ·Qualcomm Strikes Amazon AI Chip Deal, Opens Door to $4 Billion Stock ·Hitachi Energy Bets $300M on China Grid Manufacturing Corvex Builds Toward 8MW Cloud Infrastructure Footprint LITEON Bets $176 Million on DCX Liquid Cooling EdgeConneX Backs Singapore’s AI-Ready Tropical Data Center Testbed
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Groq Raises $650M to Accelerate AI Inference Cloud Expansion After Nvidia Licensing Deal

AI chipmaker Groq has secured a new $650 million funding round as the company accelerates its transition toward AI inference

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  • AI & Machine Learning
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AI chipmaker Groq has secured a new $650 million funding round as the company accelerates its transition toward AI inference cloud services following its high-profile technology licensing agreement with Nvidia and the departure of several senior executives. The latest investment marks the next phase of Groq’s evolution as it focuses on scaling its global AI infrastructure footprint and expanding its neocloud business. The funding round was led by investment firms Disruptive and Infinitum. Disruptive founder Alex Davis, who also serves as Groq’s chairman, participated alongside the Fort Lauderdale-based hedge fund. The company did not disclose its updated valuation.

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