Source: Crunchbase
Summary
Groq, an AI chipmaker, has secured funding and is expanding its neocloud business. The company is also hiring new executives to support its growth. This move comes after the company’s previous acquisition deal fell through. Groq is focusing on developing its cloud-based AI solutions.
Our Reading
The update arrives with confidence.
Groq is doubling down on its neocloud business, a move that sounds like a rebranding of existing cloud services. The company is hiring new execs, because that’s what you do when you’re “growing”. Groq is still making AI chips, but now it’s a “cloud-based AI solution”. The company is trying to make a comeback after its acquisition deal fell through. Groq is just another example of a company trying to make cloud-based AI sound new and exciting.
Author: Evan Null
