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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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A total of 10 consortiums are vying for the first phase of the project involving civil works.
July 7th, 2014 - 06:42 GMT

Always lucrative: Saudi Arabia invites bids for Makkah's $16.5 billion metro

Flight Search can be accessed on tablets, smartphones and desktop computers.
July 7th, 2014 - 06:36 GMT

Etihad Airways partners with Google to make flight search easier

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.
July 7th, 2014 - 11:42 GMT

Bad decisions always bite: labor crackdown, consumer borrowing suggested as potential reasons for Saudi Arabia's slowed economic growth

Dubai’s real estate market may also be overheating, as the country’s central bank issued a warning on the soaring property prices.
July 7th, 2014 - 10:49 GMT

Events of June 2014 drag GCC financial markets to the 'red zone'

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago,
July 7th, 2014 - 03:55 GMT

How much more can the country handle? Yemen's oil exports down 60%

Dubai is planning to build a temperature-controlled city featuring the world’s largest mall and an indoor park, as well as hotels, health resorts and theaters, the developer said.
July 7th, 2014 - 01:24 GMT

A parody of itself? Dubai to build climate-controlled 'city' and a mall bigger than the world's biggest

The tax on other alcoholic beverages, such as wine and spirits manufactured locally or imported from abroad, has been increased by 150%.
July 7th, 2014 - 01:06 GMT

He's all about health: Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

Al Bawaba
July 7th, 2014 - 01:01 GMT

The end of the energy market as we know it: US overtakes Russia and Saudi Arabia as world's largest oil and gas producer

Al Bawaba
July 7th, 2014 - 12:48 GMT

New data reveals how much GCC visitors are spending on the World Cup

Al Bawaba
July 6th, 2014 - 09:45 GMT

Manoeuvring the post-sanctions market: Iran's car output jumps 60%

Many citizens have objected to the price increase, which was approved by the government yesterday.
July 6th, 2014 - 03:55 GMT

Fuel prices to increase 70%: Egypt slashes subsides overnight amidst public outcry

Al Bawaba
July 6th, 2014 - 03:55 GMT

Making the leap: Jordan jumps 19 places in e-governance rankings

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