Groq just landed $350M in funding, slashing its valuation from $6.9B to $3.5B — but don’t panic, it’s not a down round, it’s a fresh start. After ditching its chip ambitions and welcoming Nvidia into its fold, Groq is pivoting to become the AI inference cloud leader, running on Nvidia GPUs. With plans to scale data centers from 54MW to 200MW by 2027 and expand globally, Groq is betting big that inference will be the next big thing — and they’re positioning themselves squarely within Nvidia’s ecosystem to win.
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