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AI News from ET - Groq targets $650 million fundraise after Nvidia licensing deal: Report

Vishwadeep Khatri
in AI News & Two Lenses

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Groq is seeking $650 million from its investors. This comes after a significant $17 billion licensing deal with Nvidia. Groq is now concentrating on AI inferencing. Investors are set to receive payouts from the Nvidia deal. They will then have the chance to invest in Groq's new phase. This move signals a strategic shift for the AI chip startup.

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