AI chipmaker Groq raises $650M, pivots after Nvidia’s $20B licensing deal
AI chipmaker Groq has confirmed a $650 million funding round, roughly six months after Nvidia signed a non-exclusive licensing agreement for its chip technology and hired away founder and CEO Jonathan Ross, president Sunny Madra, and other key employees. The deal, which sources have described as a “not-acqui-hire” worth approximately $20 billion in licensing fees, […]
