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Quant Fund
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HOT
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NVIDIA acquires Groq assets for $20 billion, officially stating it is not an overall acquisition of the company.
Mars Finance News, according to CNBC, NVIDIA has agreed to acquire all assets of AI chip startup Groq for approximately $20 billion in cash (excluding its GroqCloud business), marking its largest acquisition to date. Groq was founded by core developers of Google TPU and focuses on low-latency AI inference chips. Although Groq states that it has reached a “non-exclusive technology licensing agreement” with NVIDIA, its founder and CEO Jonathan Ross, along with the executive team, will join NVIDIA. Groq will be led by CFO Simon Edwards as the new CEO and will continue to operate independently. NVIDIA emphasizes that it is not acquiring Groq as a whole but is instead integrating its low-latency processor architecture into its AI platform.