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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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Occupancy is expected to touch 70 per cent in Dubai
June 1st, 2014 - 08:29 GMT

Up, down then up again: UAE hotels to see fall in June & July, rise in August

Al Bawaba
June 1st, 2014 - 02:55 GMT

Fitch is not impressed: Egypt credit ratings constant despite Sisi's win

A study released on Wednesday by global real estate consultancy CBRE put the emirate ahead of 187 other global cities based on the number of international retailing brands operating in the market.
May 29th, 2014 - 12:13 GMT

Shopping matters: London and Dubai retain throne as world's retail capitals

Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
May 29th, 2014 - 11:35 GMT

In attempt to keep up with global demand, Aramco will splash $100 billion on downstream investments

Al Bawaba
May 29th, 2014 - 10:43 GMT

Let's wait and see first: Sisi's landlslide win predicted to attract billions of dollars in GCC investments

Losses were estimated at $143.8 billion, a figure the report said was based on estimated damage to residential and state buildings.
May 29th, 2014 - 10:09 GMT

Syrian economy headed 'into ruins'

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.
May 28th, 2014 - 06:56 GMT

More like apathy? Egypt's stocks fall on election uncertainty

Greenbox has purchased the centerpiece of the exhibition, entitled The Question, which was created by Al-Othman with the intent to provoke personal engagement.
May 28th, 2014 - 06:38 GMT

Wilders surely won't be impressed: Dutch museum purchases Saudi Art

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

Al Bawaba
May 28th, 2014 - 05:40 GMT

Settling things properly: Dubai sets up 'dispute settlement authority' for businesses

Al Bawaba
May 28th, 2014 - 05:24 GMT

Arabtec takes lion's share of Dubai Financial Market, restricts trading in other shares

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