Groq completes $650 million financing to accelerate the expansion of AI inference cloud and targets 200 megawatts by the end of 2027

AI chip startup Groq announced on June 22 local time that it has completed a new round of growth financing of $650 million, led by Disruptive and Infinitum, with participation from some existing investors. The proceeds will be used to accelerate the upgrading of existing data center infrastructure, including the deployment of NVIDIA's latest LPX system, with the goal of expanding the total installed capacity to 200 megawatts by the end of 2027. (Jiemian)