> to handicap an inference company

That's a non-charitable interpretation of what happened. The are not "spending $20 billion to handicap Groq". They are handing Groq $20 billion to do whatever they want with it. Groq can take this money and build more chips, do more R&D, hire more people. $20 billion is truly a lot of money. It's quite hard to "handicap" someone by giving them $20 billion.

▲ wmf 8 hours ago | parent [-]

Groq doesn't have any employees. They can't do R&D because there's no one to do it. The $20B goes to Groq's investors.

▲ credit_guy 5 hours ago | parent [-]

From the article:

  > Groq added that it will continue as an “independent company,” led by finance chief Simon Edwards as CEO.

The $20B does not go to Groq's investors. It goes to Groq. You can say that Groq is owned by its investors, and this is the same thing, but it's not. In order for the money to go to the investors, Groq needs to disburse a dividend, or to buy back shares. There is no indication that this will happen. And what's more, the investors don't even need this to happen. I'm sure any investor that wants to sell their shares in Groq will now find plenty of buyers at a very advantageous price.

	▲	wmf 5 hours ago \| parent [-]
		Let's bet on this shit. Where's the Polymarket.