According to CoinMeta, groq plans to double its valuation to around $8 billion during a market correction in AI. This AI startup is currently operating Neocloud and raised $350 million in financing with a valuation of $3.5 billion in August. According to TechCrunch, after reaching a $20 billion licensing agreement with NVIDIA, groq shifted from its chip business to cloud services. This move comes at a time when investors' interest in AI's stock has waned, Bloomberg noted.