Sources: ByteDance has partnered with chipmaker InnoStar to develop an AI inference chip modeled after Groq's LPUs, which are built to run AI models at low cost The Information 2026-05-30 AI, ByteDance, Groq, InnoStar Related Coverage TikTok owner ByteDance is reportedly developing its own custom AI CPUs — company looks to ease China's dependence on US chipmakers Tom's Hardware · Bruno Ferreira US AI chip startup Groq seeks $650m for cloud push Tech in Asia · Naomi Li Gan Groq Seeks $650 Million Amid Shift to AI Inference Neocloud Business PYMNTS