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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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Despite efforts taken to stem the soaring prices in the emirate, evidence has indicated that property market is overheating.
June 26th, 2014 - 12:51 GMT

A truly confused and confusing market: Dubai's luxury property prices contract

 According to the figures, 16% of Israelis (822,000 people) ate less for economic reasons during the past year
June 26th, 2014 - 11:10 GMT

Time for an 'Israeli Spring'? 40% of Israelis say that they can't make ends meet

 Vinci said the contract includes the construction of 25 stations and the electric infrastructure surrounding the four-line network, which is expected to stretch 33 kilometres when finished.
June 26th, 2014 - 10:59 GMT

French consortium wins $2.7 billion Qatar tram contract

Bill Gates, co-chair of the Bill and Melinda Gates Foundation, expressed willingness to collaborate with  King Abdullah University of Science and Technology (KAUST) in research projects focusing on agriculture and food production.
June 26th, 2014 - 03:55 GMT

Bill Gates keen on cooperating with King Abdullah University

Al Bawaba
June 26th, 2014 - 12:14 GMT

Oman cares: Oman sets aside $3.38 billion just for healthcare


The Business Insider World’s Best Airlines list was compiled using the criteria of the quality of the passenger experience and the airline’s punctuality
June 25th, 2014 - 12:06 GMT

A pleasant surprise? Omar Air ranks in World's top ten airlines for flying economy

Nakheel is able to prepay all of its bank debt ahead of schedule due to savings of around AED 23 billion on its business plan,
June 25th, 2014 - 11:37 GMT

Nakheel to repay entire $1.5 billion bank debt four years ahead of time

Al Bawaba
June 25th, 2014 - 11:08 GMT

Revolutionary: DAMAC properties introduces Fendi-styled villas

“Investors get scared, but more than that, people who provide them leverage get scared,” Mohindra said.
June 25th, 2014 - 10:56 GMT

Saudi Stock Exchange (Tadawul) makes first financial disclosure ever

Economic researcher at Stanford University Amro Adly said that the establishment of a fund to collect donations is a “populist measure” that falls short of an economic solution/
June 25th, 2014 - 10:50 GMT

Long live Egypt...on donations? Central Bank establishes 'Long Live Egypt' fund

Social Development Ministry Secretary General Omar Hamzah made the announcement on Tuesday during a visit by Prime Minister Abdullah Ensour to the ministry.
June 25th, 2014 - 10:30 GMT

Jordan to introduce Ramadan stipend for underprivileged families

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
June 24th, 2014 - 10:26 GMT

Erdogan just won't let go: Turkey's central bank comes under fire again

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