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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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Al Bawaba
June 30th, 2014 - 03:55 GMT

No need for BDS? Israel's exports strongly declining, and the Shekel is to blame

The regulations will be issued before the end of the year and a six-month grace period for its implementation will be put in place.
June 30th, 2014 - 03:55 GMT

No fun! Saudi Arabia finalizes 9 pm shop closure rule

The estimated size of the proposed deal is the supply of seven BCM (billion cubic meters) of gas annually for 15 years.
June 30th, 2014 - 03:55 GMT

Another cruel role reversal: Israel's Leviathan in talks to sell gas to Egypt

The new system will enhance the quality of services, safety and environmental sustainability for citizens in the country.
June 29th, 2014 - 07:03 GMT

Qatar selects IBM for smart infrastructure

Al Bawaba
June 29th, 2014 - 03:03 GMT

It's all about the bonds? Family businesses make up majority of non-oil sector in GCC

Arabtec, which remained among the top losers last week, shed 27.23 per cent.
June 29th, 2014 - 12:52 GMT

Lackluster trading activity commences with Ramadan

Al Bawaba
June 29th, 2014 - 03:55 GMT

Time to embrace e-governance? Jordan's Central Bank introduces e-FAWATEER.com

Al Bawaba
June 29th, 2014 - 03:55 GMT

Nshallah: GCC working hard to convince UAE, Oman of monetary union

“Income equality is important for sustainable growth. We can't fight income inequality with only macroeconomic policies. Turkey should increase its production capacity,” Dinçer added.
June 29th, 2014 - 03:55 GMT

Turkey's economy falls victim to inequality

EDL has written to the Finance Ministry that the allocation for fuel oil not be slashed from $1.8 billion to $2.2 billion.
June 26th, 2014 - 10:28 GMT

How is that even an option? Lebanon shuts down electricity power plant to limit losses

Sultan Qaboos, who has been ruling Oman since 1970, responded by suspending the rules based on his understanding of the needs of the public, ONA reported.
June 26th, 2014 - 09:57 GMT

The spirit of the Arab Spring lives on? Sultan Qaboos takes back decision to lift price caps due to public uproar

The government may resort to using the old budget for the current fiscal year until the budget for the upcoming fiscal year, which begins on 1 July, is completed, according to a cabinet source.
June 26th, 2014 - 01:54 GMT

What an excuse! Egypt to keep old budget due to 'time constraints'

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