Nvidia agrees to buy chip startup Groq’s assets for $20 billion: Reports

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Chipmaker Nvidia will acquire assets from chip startup Groq for approximately $20 billion in cash, according to media reports. This will be the company’s largest transaction ever as it moves to dominate the AI hardware market. The deal will bring Groq’s specialised inference chip technology and top engineering talent under Nvidia’s wing. The startup will continue to operate independently.

Deal details

Under the arrangement, Groq founder and CEO Jonathan Ross, who was with Google’s Tensor Processing Unit, will join Nvidia along with president Sunny…



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Nvidia agrees to buy chip startup Groq’s assets for $20 billion: Reports



Chipmaker Nvidia will acquire assets from chip startup Groq for approximately $20 billion in cash, according to media reports. This will be the company’s largest transaction ever as it moves to dominate the AI hardware market. The deal will bring Groq’s specialised inference chip technology and top engineering talent under Nvidia’s wing. The startup will continue to operate independently.

Deal details

Under the arrangement, Groq founder and CEO Jonathan Ross, who was with Google’s Tensor Processing Unit, will join Nvidia along with president Sunny…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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