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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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During the meeting Kuwaiti Minister of Planning and Development Affairs, Hind Alsubaih, proposed the establishment of a pan Gulf research centre for planning and development
May 24th, 2014 - 12:05 GMT

Good call: UAE calls for greater GCC economic integration

As part of the agreement, Bright Food is committed to keep Tnuva center of operations in Israel including management, production and development.
May 22nd, 2014 - 11:06 GMT

Will it keep things kosher? Chinese company takes over massive Israeli food conglomerate

The Australian and International Pilots Association said the claims of support from the royal family needed to be checked and action taken to level the playing field.
May 22nd, 2014 - 04:25 GMT

No wonder it's been getting fancy: new leaked documents reveal secret $3 billion funding by ruling family to Etihad airlines

Al Bawaba
May 22nd, 2014 - 02:08 GMT

Ebay falls victim to hacking attack

The nomination of Alawi (the Owner of Red Sea Mall) was realized during the board meeting of the ICSC in Las Vegas.
May 22nd, 2014 - 12:23 GMT

First Arab on board of global council for malls

Estimation of the uranium resources in the central region are expected to increase as more exploration is carried out by JUMCO in the 350sq.km area.
May 22nd, 2014 - 02:29 GMT

Mining its own business: Jordan to build $140 million uranium plant

According to the Central Bank of Egypt, tourism is ranked second in terms of most important sources of income for Egypt after remittances from Egyptians abroa
May 22nd, 2014 - 01:17 GMT

Upcoming five-fold increase in diesel fuel prices results in smartcard provision for transport, hotel companies in Egypt

 One of the biggest project approvals was for Aldar Properties’ Al Raha Beach East Master Plan.
May 21st, 2014 - 08:33 GMT

Should've kept things 'lucky'? Abu Dhabi's Urban Planning Council okays 13 projects in one day

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
May 21st, 2014 - 03:55 GMT

Another burnt bridge to mend: Iran pursuing World Bank loan

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.
May 21st, 2014 - 02:55 GMT

Kuwait's finance minister says budget deficit is inevitable

Al Bawaba
May 21st, 2014 - 01:32 GMT

Thanks to South Korea, the UAE gets closer to realizing its nuclear ambitions

Al Bawaba
May 20th, 2014 - 09:17 GMT

Taking it easy: UAE passes draft law on relaxing prison punishment for debt defaulters

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