[AI Startup Groq Reportedly Raising $650 Million for New Entity] Odaily Planet Daily News: AI chip manufacturer Groq Inc. is reportedly raising up to $650 million from existing investors to establish a new company following a $20 billion licensing agreement with Nvidia (NVDA.O). The new company, referred to as 'Groq2,' is said to be transitioning away from the chip manufacturing business to focus on building 'AI neoclouds' services. (Axios)