Groq Raises $650M After Nvidia's Talent Raid

AI chipmaker Groq has confirmed a $650 million funding round led by Disruptive and Infinitum, roughly six months after Nvidia licensed its LPU chip technology and poached founder Jonathan Ross and other key executives. The raise signals a fresh start for the company, now led by co-founder Doug Wightman as CEO. Groq is pivoting to its neocloud inference business, operating 13 data centers globally and serving over five million developers. New executive hires aim to rebuild leadership, as the company bets on surging demand for AI inference services despite now sharing its core hardware IP with Nvidia.