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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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Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
June 19th, 2014 - 03:55 GMT

A natural exclusion from the EU? Turkey below European counterparts in consumption, GDP per capita

Al Bawaba
June 18th, 2014 - 08:28 GMT

German defense group wins $3.7 billion Algeria contract

Al Bawaba
June 18th, 2014 - 02:03 GMT

Post-crisis honeymoon over? First Jordanian billionaire quits Arabtec's CEO post over plunging shares

"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
June 18th, 2014 - 01:22 GMT

Despite all persistent difficulties, Iran buys $55,000 tons of wheat from Russia

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
June 18th, 2014 - 01:15 GMT

A blessing in disguise? Strict lending deters Emirati's from borrowing

The market has been mainly driven by tourism growth (nine to 10 per cent) while the resident market has been growing but at a slower rate.
June 18th, 2014 - 07:23 GMT

The one thing to count on: GCC luxury spending booming despite regional turmoil

Baghdad’s warnings have not deterred the Kurds so far.
June 18th, 2014 - 07:15 GMT

With Iraq in disarray, Kurdistan takes advantage of the situation and links Kirkuk to its independent pipeline

On a regional level, the report reveals that private financial wealth grew by 11.6 percent to reach $5.2 trillion in 2013
June 18th, 2014 - 03:55 GMT

When it comes to 'millionaire density', Qatar ranks first in the world

Some of the possible company targets include Kuwait Oil Company, Petroleum Development Oman, Qatar Petroleum, Saudi Aramco, ADNOC, ENOC and Bahrain Petroleum Company.
June 17th, 2014 - 11:12 GMT

Done with Israel? Anonymous threatens to hack Gulf oil companies over use of US dollars

Al Bawaba
June 17th, 2014 - 10:41 GMT

A sign of desperation or rationality? Dubai mulls new fees to curb off-plan property sales

Imports of oil from Iran often swing widely from month to month as one of South Korea's two refiners to import Iranian oil usually buys the crude only every other month.
June 17th, 2014 - 03:55 GMT

What sanction relief? South Korean oil imports from Iran down 44%

This Super Amoled tablet comes wrapped up in a highly stylish yet practical design.
June 16th, 2014 - 09:52 GMT

Samsung launches world's thinnest, lightest tablet

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