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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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Fawry is a bilingual Arabic-English platform which allows customers to pay for services either online, via mobile phone, or at a point of sale machine.
May 11th, 2014 - 04:55 GMT

For once, it's Egypt 'aiding' the Gulf: electronic payment platform 'Fawry' to make it to GCC

Over the years, GE has developed several successful co-op programs with leading Saudi institutions
May 11th, 2014 - 03:55 GMT

General Electric to give Saudi women scholarships

The new system will save time and money and speed up completion of accident reports.
May 11th, 2014 - 02:55 GMT

Dubai police to introduce e-programme for reconstructing accident scenes

Emirates announced earlier this year that it would reduce flights to 41 destinations during the 80-day airport runway upgrade programme, which began on May 1.
May 11th, 2014 - 02:55 GMT

The glass half full: Emirates airlines sure about making up lost profits in less than a year

Al Bawaba
May 11th, 2014 - 02:55 GMT

What Expo? UAE companies have no intention of raising salaries anytime soon

“The WHO does not recommend the application of any travel or trade restrictions, including for upcoming pilgrimage travel to Saudi Arabia,” a statement issued by the organization said.
May 8th, 2014 - 11:08 GMT

WHO: Haj travel ban not even 'under consideration'

It is targeting global players in high-margin sectors such as oil and gas, power plants, infrastructure, and facility management of huge industrial plants, he said.
May 8th, 2014 - 02:42 GMT

Thank you oil prices? Arabtec profits 'more than double'

Al Bawaba
May 8th, 2014 - 02:18 GMT

Netanyahu included? Israel to punish citizens who hide their money in the US by seizing 50% of concealed funds

Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.
May 8th, 2014 - 04:28 GMT

Landlord efforts go down the drain in Lebanon: After passing through parliament, Suleiman refuses to sign new rent law

Asked when Oman was going to decide on potential changes to subsidy levels, Balushi said: “It’s an exercise that is going on, it could be this year, it could be next year.”
May 8th, 2014 - 04:20 GMT

Tick tock: Oman is on the verge of lifting subsidies

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
May 8th, 2014 - 04:13 GMT

It's the thought that counts? GCC customs union set for Jan.1st

Egypt is currently trying to reduce a budget deficit which hit 14 percent in the 2012-2013 fiscal year, bringing it down to 11-12 percent by the end of the current fiscal year.
May 8th, 2014 - 03:58 GMT

Going after the 1%? Egypt's cabinet approves 'exceptional' tax hike on the rich

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