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Nvidia seals $20bn Groq deal as AI chip race accelerates
December 25th, 2025 - 08:54 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Nvidia seals $20bn Groq deal as AI chip race accelerates

ALBAWABA- Nvidia announced its largest-ever acquisition, agreeing to buy assets from AI chip startup Groq for approximately $20 billion in cash, alongside a non-exclusive licensing agreement for Groq’s technology and the recruitment of key executives and engineers. The deal strengthens Nvidia’s position as demand for artificial intelligence hardware continues to surge worldwide. Founded in 2016 by former Google engineers, Groq specializes in high-speed, energy-efficient AI inference chips, designed to deliver ...
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The results indicate increases of 35 per cent in tourists from the UAE, 6.3 per cent from Saudi Arabia and 10.8 per cent in tourists from Kuwait.
July 13th, 2014 - 03:26 GMT

The best kind of 'aid': UAE tourists to Egypt climb 35%

Iran’s Targeted Subsidy Reform remains one of the most ambitious attempts to reform subsidies in an energy-exporting country.
July 13th, 2014 - 01:11 GMT

Applauded, for once: IMF declares Iran's subsidy reform program a success

Yemen has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages
July 13th, 2014 - 03:55 GMT

Yemen clamps down on public spending, bans business class travel for ministers

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.
July 13th, 2014 - 03:55 GMT

True competition with Saudi Arabia? Iran promises an economy independent of oil

Efforts to reach agreement on a new government in Baghdad to confront the insurgents have been complicated by the tensions between Maliki and the Kurds.
July 13th, 2014 - 03:55 GMT

The deadlock deepens further: Kurdistan seizes two oil fields, state-owned oil company

A number of foreign partners have reduced investments in the sector for the upcoming period, which will cause average natural gas production to stabilise.
July 13th, 2014 - 02:14 GMT

Egypt marks the end of subsidies with $6.3 billion in debt to foreign oil and gas companies

“We are close to an agreement on holding a Parliament session on July 17 to pass laws adopting the new salary scale and government expenditures,” the source said.



Read more: http://www.dailystar.com.lb/News/Lebanon-News/2014/Jul-11/263496-wage-hike-breakthrough-expected-next-week.ashx#ixzz377kRp4Ue 
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
July 11th, 2014 - 02:42 GMT

'Breakthrough' in public wages expected in Lebanon next week

The world’s most expensive cities for expats are both in Africa. Luanda in Angola is ranked first for the second year, followed by N’Djamena in Chad.
July 11th, 2014 - 02:38 GMT

Beirut, Dubai take the lead: new survey reveals the Middle East's most expensive cities for expats

Al Bawaba
July 11th, 2014 - 02:21 GMT

Lasting a while: Egypt boasts 6-month supply of wheat

Boeing expects airlines to buy 25,680 new single-aisle planes over 20 years,
July 11th, 2014 - 01:11 GMT

The wonders of a single-aile plane:Boeing expands 2030 demand forecast to $3.5 trillion

Al Bawaba
July 10th, 2014 - 12:31 GMT

No Ramadan amnesty: 2200 'illegal' expats taken in Saudi Arabia

Al Bawaba
July 10th, 2014 - 02:40 GMT

Thanks to Libya's slight comeback, oil prices settle at one month low

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