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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 5th, 2014 - 11:55 GMT

Intelligent transport heading your way: Riyadh summit to focus on current "smart" rail projects

The capacity of South Pars gas and oil fields could hit 100 million cubic meters daily in the current Iranian year
May 5th, 2014 - 10:55 GMT

Making it worthwhile: Iran's South Pars field exports gas, oil to 29 countries for $1.3 billion

Dubai's new tourism institute is aligned with the emirate's effort to be the most visited city in the world by 2020 (File Archive)
May 5th, 2014 - 10:00 GMT

Hospitality 101: Dubai building new tourism academy to meet Vision 2020 plan

Forty-nine percent of the tenders for the drilling will be reserved for Lebanese investors (File Archive)
May 5th, 2014 - 09:00 GMT

Lebanon's next oil investors?! It's own diaspora...

Emiratis have been at the forefront of green energy exploration and construction in the Middle East (File Archive)
May 5th, 2014 - 07:06 GMT

Forget Expo 2020! UAE submitting bid for World Energy Congress 2019

Bahrain touts one of the lowest unemployment rates in the Gulf (File Archive)
May 5th, 2014 - 06:56 GMT

Can you guess which Gulf country's unemployment is less than four percent?

Al Bawaba
May 5th, 2014 - 02:55 GMT

Double luxury: Hilton opens first Double Tree in Dubai

Al Bawaba
May 5th, 2014 - 02:55 GMT

Saudi, French company win $2.2 billion deal to develop Riyadh's public transport

Al Bawaba
May 5th, 2014 - 02:55 GMT

Playing it right? Iran to triple number of commercial attachés abroad

Al Bawaba
May 5th, 2014 - 02:55 GMT

London sets new record with $237 unfurnished, no bathroom apartment sale, could Arab business tycoons have something to do with it?

Al Bawaba
May 4th, 2014 - 12:23 GMT

Trophy cars: Jaguar Land Rover MENA win 17 automotive awards in 2013

15 countries exported $1,121 billion worth of food, holding an 81.5 per cent share of the world’s exports in 2012
May 4th, 2014 - 09:13 GMT

Bringing in the tasty goods home: UAE among world's top food importers

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