News Last Week in AI Dec 25
Last Week in AI #330 - Groq->Nvidia , ChatGPT Apps, US AI Genesis Mission
By Last Week in AI
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AI Analysis
Nvidia is acquiring AI chip startup Groq's assets for approximately $20 billion in cash, marking its largest deal ever. Groq's leadership including CEO Jonathan Ross will join Nvidia to integrate low-latency inference processors into Nvidia's AI factory architecture. The deal comes just three months after Groq raised $750M at a $6.9B valuation.
Nvidia buying AI chip startup Groq’s assets for about $20 billion in largest deal on recordNvidia agreed to license Groq’s inference technology and acquire essentially all of its assets for about $20 billion in cash—its largest deal to date—according to Disruptive CEO Alex Davis, a major Groq investor. Groq, valued at $6.9 billion after raising $750 million three months ago, said it entered a non-exclusive licensing agreement with Nvidia and that CEO Jonathan Ross, Presid
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