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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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Etisalat has completed its purchase of a 53 per cent stake in Maroc Telecom from Paris-listed Vivendi for €4.14 billion euros.
May 14th, 2014 - 10:53 GMT

Taking over: Etisalat completes 53% purchase of Maroc Telecom

Al Bawaba
May 14th, 2014 - 02:55 GMT

Twitter to cater to Israeli businesses

Al Bawaba
May 14th, 2014 - 02:55 GMT

Betting high: Zain Jordan expected to pay $200 million to introduce 4G to the Kingdom by year end

Iran's crude oil exports have been rising since Tehran reached a breakthrough deal with six world powers over its nuclear energy program last November.
May 14th, 2014 - 02:55 GMT

Who's being replaced? Iran to export 400,000 bpd to China

Al Bawaba
May 13th, 2014 - 11:20 GMT

“Day of rage”: Lebanon’s salary scale for civil servants to come under serious scrutiny

The decline in the EU countries’ imports of Russian gas will force them to look toward Gulf countries for gas.
May 13th, 2014 - 10:44 GMT

Europe, be jealous: Egypt to obtain Russian gas at favorable rate

Oakili said the ministry plans to take stern action against individuals and companies who trade in fake computer programs.
May 13th, 2014 - 04:42 GMT

A bit overboard? Saudi students expelled from US universities for downloading pirated software

The saved itinerary can then be retrieved later on, changed and updated, or booked immediately.
May 13th, 2014 - 02:55 GMT

Etihad airways: first butlers in the sky, now tailor-made holidays

Saudia has already privatized five units including catering, cargo, ground services and Saudia aerospace engineering industries.
May 13th, 2014 - 02:55 GMT

Nationalization to apply to the skies as well? Saudi Arabia keen to Saudize pilot positions

Al Bawaba
May 13th, 2014 - 02:55 GMT

Egypt seizes more assets from Muslim Brotherhood

"When we discussed with Jordanian authorities how public money should be spent, we proposed more expenditure on health and education, and less on energy subsidies,” Lagarde explained.
May 13th, 2014 - 12:20 GMT

Always ready to take things further: IMF ready to provide more (troubles?) for Jordan

“These rosy conditions are expected to continue, with lending growing by about 10-15 per cent per year for the next few years.
May 13th, 2014 - 12:00 GMT

The World Cup honeymoon? Qatari banks enjoying 'rosy conditions'

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