Groq Secures $350M in Funding Amid Nvidia's Shadow

Groq has raised $350 million at a valuation of $3.5 billion, down from $6.9 billion last year. The funding round was led by Disruptive, with Nvidia participating after previously hiring Groq’s talent. The company has pivoted to become a data-center operator focusing on AI inference. Despite a thriving inference business, uncertainty looms over Groq’s future impact as a competitor.