Tag: 20B
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NVIDIA Expands AI Dominance with $20B Acquisition of Groq
Groq was final valued at $6.9 billion throughout a financing spherical in September What is the story NVIDIA has introduced its largest transaction but, agreeing to a $20 billion deal to amass belongings from AI chip start-up Groq via a non-exclusive licensing settlement. The nine-year-old firm was co-founded by the creators of Google‘s tensor processing…
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Nvidia Secures $20B Deal to License Inference Know-how from Groq
Synthetic intelligence chip startup Groq Inc. at present introduced that Nvidia Corp. will license its know-how on a non-exclusive foundation. The deal may also see the graphics card maker rent a number of key Groq workers. They embody founding Chief Government Officer Jonathan Ross and president Sunny Madra. Alex Davis, the CEO of Groq investor…