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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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Zero-rate income taxes and high salaries attract young British professionals to the UAE (File photo)
May 6th, 2014 - 01:58 GMT

Dubai is top hotspot for British expat workers

Al Bawaba
May 6th, 2014 - 12:04 GMT

Oman's tourism industry to lead the Middle East in 2014

Al Bawaba
May 6th, 2014 - 11:16 GMT

It's back to the future! Dubai to launch high tech "podcars" within few years

Al Bawaba
May 6th, 2014 - 10:52 GMT

Hospitality firm to expand hotels in GCC countries

Al Bawaba
May 6th, 2014 - 10:17 GMT

Leading tech company wins $28 million Jeddah Metro contract

Qatar Airways, along with Dubai’s Emirates and Abu Dhabi’s Etihad, have snatched a sizeable share of the long-haul travel sector, turning their home cities into major hub on the routes to Asia and Australasia.
May 6th, 2014 - 02:55 GMT

Surprise! Qatar airways has been completely state-owned since last year

Inflation in April stood stubbornly above the central bank's forecast for the end of the year and weighing against the likelihood of significant interest rate cuts in the near term.
May 6th, 2014 - 02:55 GMT

Who's to blame? At almost 10%, Turkey's inflation rate hits 2 year high

A simple map with clear directions from where you are at that moment will appear, said bin Mejren. Directions on how to use the video is available on YouTube.
May 6th, 2014 - 02:55 GMT

The end of first world problems, in Dubai at least: new technology to remind Dubai Mall visitors where they parked

Al Bawaba
May 5th, 2014 - 10:46 GMT

UAE to maintain live camel imports despite MERS dangers

Speculators are the least bullish on the metal in 11 weeks, partly amid signs that the U.S. economy is accelerating out of its winter retreat, government data showed on May 2.
May 5th, 2014 - 10:19 GMT

Gold prices at three week high due to Ukraine crisis

Saudi Arabia will consider changing its strict visa policies in the next three years, according to the president of the country’s tourism commission.
May 5th, 2014 - 10:11 GMT

Syrian pilgrims included? Saudi Arabia considers reforming strict visa requirements

Al Bawaba
May 5th, 2014 - 12:04 GMT

Rotana to launch 10 new luxurious hotels around the ME to feast your senses on

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