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Steady1 stories1 sourcesLast updated: 5/31/2026

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Groq Seeks $650 Million in New Funding for Inference Neocloud Business

5/31/2026AI summary

Groq Seeks $650 Million in New Funding for Inference Neocloud Business

Groq aims to raise $650 million from existing investors to expand its inference neocloud business, leveraging its AI chip and systems, following a $20 billion licensing deal with Nvidia.