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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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Al Bawaba
May 12th, 2014 - 11:57 GMT

Emirates airlines to go to Singapore five times a day

The airport features 138 check-in counters across five islands, comprising of 108 counters for Qatar Airways’ economy passengers and all other airlines;.
May 12th, 2014 - 06:44 GMT

Keeping up: Qatar airways makes the move to new, snazzy airport

The popular U.S.-based website recently published a list of “9 Places You Absolutely, Positively Must See Before You Die,” with Lebanon coming in at number six behind Santorini, Greece, and just before London.
May 12th, 2014 - 05:55 GMT

Just in time for summer: Huffington Post declares Lebanon one of the world's top 9 places you must 'absolutely, positively' see

Kuwait began importing LNG in 2009 and signed deals with Shell and Swiss-based trader Vitol to supply it from April to October, the period of peak power demand, for the last four years.
May 12th, 2014 - 03:55 GMT

What oil? Kuwait signs $12 billion LNG deal with Shell

Al Bawaba
May 12th, 2014 - 03:55 GMT

The perfect gift: Saudi Arabia to offer Egypt $3 billion worth of oil this summer

The interim government’s stimulus plan, which was said to span between six to nine months starting from late August 2013, amounts to EGP 29.6bn and aimed at generating 3% economic growth over the fiscal year 2013/2014.
May 12th, 2014 - 02:55 GMT

Ready to be stimulated: Egypt's first stimulus package projects 'almost done'

Al Bawaba
May 12th, 2014 - 02:55 GMT

A tad too demanding? Egypt's government expecting private sector to deliver 67% of economic activity

Eight of KSE’s sectors ended last week in the red zone, three recorded increases, whereas the Health Care sector’s index closed with no change from the week before
May 12th, 2014 - 02:55 GMT

Kuwait bourse slips for third week in a row

Qatar’s bourse has officially reported that the combined first-quarter net profit of all but two companies amounted to QR11.1 billion, up 8.6 per cent year on year.
May 11th, 2014 - 07:25 GMT

Dubai bourse 'miles ahead' its Gulf counterparts

The Qazvin-Rasht-Astara railway is estimated to carry 1.4 million passengers and 5-7 million tons of cargo per year.
May 11th, 2014 - 04:57 GMT

Common problems, common solutions? Russia to build Iran's massive railway network

Al Bawaba
May 11th, 2014 - 04:33 GMT

Persistent bottlenecks: Iran still unable to sell its petrochemicals to Europe

Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
May 11th, 2014 - 05:00 GMT

The usual know-it-all attitude: the IMF unveils its projections for the Lebanese economy

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