TechCrunch · Jun 22, 2026 20:13 UTC

AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal

Summary

What does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and is hiring new execs.

Original reporting

Open original source

Related coverage

Read full article on TechCrunch

AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal

Original reporting

Related coverage

New York elections test AIPAC and progressive strength

Super Micro’s stock is seeing its best run in a year thanks to Nvidia partnership

Alibaba's AI video model rises to No. 2 in global rankings, as OpenAI's Sora and ByteDance's Seedance fall away

Nvidia's stock struggles as Kalshi traders bet chip prices are coming down

Nvidia wants to cut data center water use, but that’s not the same as fixing AI’s water problem

A major chip index has doubled this year despite Nvidia ranking dead last

My houseguest left heat marks all over my table. I didn’t notice them until she was gone. Do I ask her to pay to remove them?