AI chipmaker Groq confirmed a 650M funding round led by Disruptive and Infinitum on June 22, 2026.
The backdrop is the deal that nearly ended Groq as an independent company.
Groq built a chip it calls a language processing unit, or LPU.
Groq response is to lean into its neocloud business rather than try to out-manufacture Nvidia.
A pivot of this size needs leadership, and Groq has been hiring replacements for the executives Nvidia took.
Read the complete breakdown, fixes and what happens next.