# After Nvidia's $20B Not-acqui-hire, AI Chip Startup Groq Reportedly Raising $650M

> **Platform:** [SPIDITS AI](https://spidits.com/) — Real-Time AI News & Market Intelligence  
> **Published:** 2026-05-29T12:00:00.000Z  
> **Category:** FUNDING  
> **Impact Score:** 260/100  
> **Primary Source:** [TechCrunch AI](https://techcrunch.com/2026/05/29/after-nvidias-20b-not-acqui-hire-ai-chip-startup-groq-reportedly-raising-650m)  
> **Canonical Citation:** [https://spidits.com/timeline/after-nvidia-s-20b-not-acqui-hire-ai-chip-startup-groq-reportedly-raising](https://spidits.com/timeline/after-nvidia-s-20b-not-acqui-hire-ai-chip-startup-groq-reportedly-raising)

## Executive Summary
Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way.

## Key Entities & Companies
- **NVIDIA**

## Referenced Coverage & Sources
- **[TechCrunch AI](https://techcrunch.com/2026/05/29/after-nvidias-20b-not-acqui-hire-ai-chip-startup-groq-reportedly-raising-650m)**: After Nvidia's $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M — _Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way..._
- **[SiliconANGLE](https://siliconangle.com/2026/06/22/inference-chip-startup-groq-raises-650m-grow-cloud-platform)**: Inference chip startup Groq raises $650M to grow its cloud platform — _Seven months after inking a $20 billion chip licensing deal with Nvidia Corp., Groq Inc. today announced that it has raised $650 million in funding. Growth investment firm Disruptive and hedge fund Infinitum led the round. Groq has developed a chip design called the LPU that's specifically..._

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*Synthesized by SPIDITS AI Market Intelligence Desk. Track live AI news, model releases, and funding: [https://spidits.com](https://spidits.com)*