Groq reportedly raising $650M despite Nvidia licensing its technology and hiring key staff

Summary

Groq, the AI chip company that was thought to have been acquired by Nvidia in December 2024, is reportedly raising $650M. However, Nvidia only licensed Groq's technology and hired its key technical executives, not acquiring the corporate entity itself. The remaining Groq entity continues operating its datacenters and inference API, which focuses on fast inference for smaller models. The article questions how a company that appeared to have exited can still be raising significant capital.