Nvidia Licenses Groq's AI Chip Tech, Grabs Top Execs In Not-Quite Takeover

Nvidia has made a significant move in the AI chip market by licensing Groq's technology and acquiring top executives from the startup. This deal is worth a record $20 billion, making it one of the largest acquisitions in the tech industry.

The acquisition is seen as a strategic move by Nvidia to strengthen its position in the AI chip market. Groq's technology is considered to be one of the most advanced in the industry, and Nvidia's acquisition of it will give the company a significant edge over its competitors.

Groq's CEO, Jonathan Ross, will join Nvidia as a senior executive, and several other top executives from the startup will also join the company. This move is seen as a significant coup for Nvidia, as it will bring in a team of experienced executives who have a deep understanding of the AI chip market.

The deal is worth $20 billion, making it one of the largest acquisitions in the tech industry. Nvidia has stated that it plans to use Groq's technology to develop new AI chips that will be used in a variety of applications, including autonomous vehicles, healthcare, and finance.

The acquisition is seen as a significant move by Nvidia to strengthen its position in the AI chip market. With Groq's technology, Nvidia will be able to develop more advanced AI chips that will be used in a variety of applications.

The deal is also seen as a significant blow to other companies in the AI chip market, including AMD and Intel. These companies will need to respond to Nvidia's move by developing their own AI chip technology.

The acquisition is expected to be completed in the coming months, and Nvidia has stated that it plans to use Groq's technology to develop new AI chips that will be used in a variety of applications.

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[3] Nvidia Licenses Groq's AI Chip Tech, Grabs Top Execs In Not-Quite Takeover