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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 new route departs Doha at 8.10am and arrives in Dallas the same day at 3.35pm.
July 2nd, 2014 - 01:54 GMT

Can't get enough: Qatar Airways launches seventh US route

A similar visa policy is already in place for nationals from 38 countries, and once implemented, it will be available to 102 countries in total, EDB stated. The new policy was presented in a cabinet meeting earlier this week by Crown Prince Salman bin Hamad Al Khalifa, Bahrain’s first deputy PM and chairman of the EDB.
July 2nd, 2014 - 01:38 GMT

New list of countries to receive visa-on-arrival in Bahrain

A preliminary Reuters poll estimated a decline of 2.3 million barrels.
July 2nd, 2014 - 03:55 GMT

An unnecessary development: oil prices surpass $112

There are 204 domestic Haj companies serving the local pilgrims. Around 60 percent of them transport their pilgrims on Saudia's domestic flights.
July 1st, 2014 - 02:56 GMT

A collective boycott: 51 Hajj companies boycott Saudia for transporting pilgrims

Fast-growing Middle East airlines such as Qatar and Emirates have said that European governments were seeking to restrict fair competition by giving airlines based closer to home preference when awarding airport slots.
July 1st, 2014 - 12:31 GMT

Ready to pull an Emirates? Qatar Airways threatens to cancel Airbus order if its demands are not met

The finance minister said the budget would push debt down from 94% of GDP, registered in the FY 2013/2014 budget, to around 90% of GDP
July 1st, 2014 - 10:23 GMT

Egypt's debt pushed to 90% of GDP

Activity in Qatar's construction sector soared 19.6 per cent from a year ago in January-March, faster than a 13.6 per cent rise in the whole last year,
July 1st, 2014 - 03:55 GMT

Thanks to construction, Qatar GDP growth rebounds to 6.3%

S&P noted that hydrocarbon revenues constitute almost 46 per cent of nominal GDP and three-quarters of total exports of the six GCC nations.
July 1st, 2014 - 03:55 GMT

Nothings lasts forever: Bahrain, Oman most vulnerable to impending drop in oil prices

Accommodation at five-star hotels skyrockets to anywhere between SR31,000 to SR40,000 for a 10-day period near the end of Ramadan.
July 1st, 2014 - 03:55 GMT

A price tag on piety: Umrah providers make the most out of Ramadan by raising prices

Al Bawaba
July 1st, 2014 - 12:55 GMT

As 20th largest car manufacuturer in the world, Iran resumes exports to Russia after 5-year hiatus

Al Bawaba
June 30th, 2014 - 01:09 GMT

A free fall? Arabtec falls another 10% in first 20 minutes of trading

Al Bawaba
June 30th, 2014 - 12:59 GMT

Addressing a broader problem: Iran to spend 'as much as possible' on saving Lake Urmia

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