US AI chip startup Groq seeks $650m for cloud push Tech in Asia By:Naomi Li Gan 30 May 2026 at 04:26 GroqCloud, Groq's OpenAI-compatible service, served over 2 million developers and Fortune 500 firms by Sept 2025.
After Nvidiaβs $20B not-acqui-hire, AI chip startup Groq reportedly raising $650M TechCrunch By:Dominic-Madori Davis 29 May 2026 at 21:27 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 AI models respond to prompted requests, per Axios.Β
In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips TechCrunch By:Julie Bort 28 May 2026 at 00:10 Snowflake has signed a new, enormous five-year deal with Amazon to secure chips for AI usage. Nvidia is once again being put on notice.