PANews reported on December 25th that, according to CNBC, Nvidia has agreed to acquire all assets of AI chip startup Groq (excluding its GroqCloud business) forPANews reported on December 25th that, according to CNBC, Nvidia has agreed to acquire all assets of AI chip startup Groq (excluding its GroqCloud business) for
Nvidia acquired Groq's assets for $20 billion, but officially stated that it did not acquire the entire company.
PANews reported on December 25th that, according to CNBC, Nvidia has agreed to acquire all assets of AI chip startup Groq (excluding its GroqCloud business) for approximately $20 billion in cash, marking its largest acquisition to date. Groq was founded by the core developers of Google's TPU and focuses on low-latency AI inference chips. Although Groq stated that the agreement with Nvidia is a "non-exclusive technology licensing agreement," its founder and CEO Jonathan Ross and executive team will join Nvidia, while Groq will continue to operate independently with CFO Simon Edwards as the new CEO. Nvidia emphasized that it is not acquiring Groq as a whole, but rather integrating its low-latency processor architecture into its AI platform.
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