Nvidia has significantly scaled back the AI chip startup Groq, licensing its chip architecture and hiring its leadership for roughly $20 billion last December. Groq, now valued at $3.5 billion, is left with a real infrastructure AI cloud but faces a harder fight to stand out without its signature chips. Some customers reported that support and AI model choice worsened as Groq scrambled to reinvent itself. Groq's new bet is that it doesn't need a moat to win.
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