Nvidia acquires Groq's assets for $20 billion, but officially states it did not acquire the entire company.
TL;DR
Nvidia acquires Groq's assets for $20 billion, excluding GroqCloud, in its largest deal. The startup's team joins Nvidia, but Groq remains independent, with Nvidia integrating its low-latency AI chips.
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[Nvidia Acquires Groq Assets for $20 Billion, Officially Says It's Not a Whole Acquisition] According to CNBC, Nvidia has agreed to acquire all assets (excluding its GroqCloud business) of AI chip startup Groq for approximately $20 billion in cash, marking its largest acquisition to date. Groq was founded by the core developers of Google's TPU and focuses on low-latency AI inference chips. Although Groq claims it has reached a "non-exclusive technology licensing agreement" with Nvidia, its founder and CEO Jonathan Ross and executive team will join Nvidia. Groq will be headed by CFO Simon Edwards and will continue to operate independently. Nvidia emphasizes that it is not acquiring Groq as a whole, but rather integrating its low-latency processor architecture into its AI platform.