Groq Raises $650M to Pivot Toward Inference Cloud

AI accelerator company Groq has raised $650 million in new funding to expand its data center capacity and pivot toward an inference cloud business. Existing backers Disruptive, a growth investment firm, and Infinitum, a tech-focused hedge fund, led the round, and both hold seats on the board. The financing supports the company's repositioning from a chip startup into a provider of computing for artificial intelligence. Details of the raise