After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M

# Groq Raises $650M to Compete in AI Speed Race Groq, a chip company, is raising hundreds of millions of dollars to focus on making AI models run faster and more efficiently—a critical capability as businesses race to deploy AI tools. The funding move comes as Nvidia dominates the market for expensive AI chips, so Groq is positioning itself as a faster, potentially cheaper alternative for companies looking to get answers from AI systems quickly.