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More
Nvidia acquired Groq's assets for $20 billion, but officially stated that it did not acquire the entire company
Nvidia has agreed to acquire
all assets of Al 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 Al 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 integratingits low-latency processor architecture into its Al platform.
[PANews]
#2025GateYearEndSummary
#CryptoMarketMildlyRebounds #GateChristmasVibes