Groq raises $640M months after Nvidia poached its CEO
ai chipmaker groq raised $640 million to expand its inference cloud service, following a deal that licensed its lpu ip to nvidia and saw its founder depart.
groq raised $640 million to build out its inference cloud after nvidia licensed its lpu technology and hired co-founder jonathan ross, leaving the company to pivot from hardware to a software service model. under new ceo doug wightman, the firm expanded its neocloud to 13 regions and hired new executives from xai and meta. the company faces the challenge of competing in inference services now that nvidia owns its original hardware designs, though it claims to be serving over 5 million developers.