US EditionNVIDIA’s $20B Groq Deal Is a Warning Shot to AI Rivals
Nvidia's $20 billion cash acquisition of Groq includes a nonexclusive licensing deal and integration of Groq's senior leadership to boost AI technology development.
- This past week, Nvidia agreed to buy assets from chip startup Groq for $20 billion in cash, CNBC's David Faber reported.
- The deal includes a nonexclusive licensing arrangement that covers Groq's technology, and Nvidia structured the purchase to advance and scale the licensed technology.
- Groq said its founder and CEO Jonathan Ross, president Sunny Madra and other senior leaders will join Nvidia, the startup announced in a blog post to scale the licensed technology.
- This purchase dwarfs Nvidia's earlier nearly $7 billion deal for Mellanox, Israeli chip designer, as the transaction is Nvidia's largest acquisition by a wide margin.
- Major U.S. averages have risen this week, with the S&P 500 up 1.4% after setting records Wednesday, while the Dow Jones Industrial Average and Nasdaq Composite are more than 1% higher week to date.
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Chipmaker Nvidia is buying parts of AI chip competitor Groq. The purchase also includes the company's founder and CEO. The deal is worth around $20 billion, according to CNBC.
Stock Market Today, Dec. 26: Nvidia Rises on $20 Billion Groq Licensing Deal
Nvidia (NASDAQ:NVDA), a leading GPU and AI platform developer, closed Friday at $190.53, up 1.02%. Nvidia IPO'd in 1999 and has grown 464,416% since going public. Trading volume only reached 136.8 million shares, coming in about 27% below versus its three-month average of 188.5 million shares.Friday's action centered on Nvidia's $20 billion Groq licensing deal and analyst commentary framing it as a strategic AI and data center win that investors…
From OpenAI to Nvidia, here’s a list of recent multibillion-dollar AI deals
Nvidia has agreed to license technology from AI startup Groq for use in some of its artificial intelligence chips, marking the chipmaker’s largest deal and underscoring its push to strengthen competitiveness amid surging demand. Here is a list of multi-billion-dollar AI, cloud and chip deals signed recently: OPENAI DEALS Amazon and OpenAI Amazon is considering an investment of around $10 billion in OpenAI, though talks remain “very fluid,” accor…
Speed, supply chains, and strategy converge in Nvidia's $20 billion quasi-acquisition of Groq
Nvidia is paying a reported $20 billion for Groq's chip technology and top engineers. The deal addresses memory costs, inference competition, and the rise of AI agents all at once. The article Speed, supply chains, and strategy converge in Nvidia's $20 billion quasi-acquisition of Groq appeared first on The Decoder.
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