Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives

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Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google. Groq said in a blog post on Wednesday.

The deal follows a familiar pattern in recent years, where the world’s biggest technology firms pay large sums in deals with promising startups to take their technology and talent but stop short of formally acquiring the target.

Groq specialises in what is known as inference, where artificial intelligence models that have already been trained respond to user requests. While Nvidia dominates the…



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Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives


Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google. Groq said in a blog post on Wednesday.

The deal follows a familiar pattern in recent years, where the world’s biggest technology firms pay large sums in deals with promising startups to take their technology and talent but stop short of formally acquiring the target.

Groq specialises in what is known as inference, where artificial intelligence models that have already been trained respond to user requests. While Nvidia dominates the…



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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