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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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Construction has started on the 22km new dual carriageway, which will have five lanes in each direction (File/AFP)
April 29th, 2014 - 11:23 GMT

Qatar begins work on five-lane expressway

Al Bawaba
April 29th, 2014 - 10:35 GMT

Dubai International world's busiest airport for Q1

Al Bawaba
April 29th, 2014 - 10:05 GMT

Iran ready to boost economic and trade ties with Germany

Al Bawaba
April 29th, 2014 - 02:55 GMT

Staying ahead of the game? France to ease trade restrictions on Iran

A comprehensive visitor management study has been undertaken around the Dubai Expo 2020 hosting, including city wide traffic and movement flow analysis.
April 29th, 2014 - 02:55 GMT

Jinxing it? Dubai says it will be ready for Expo 2020 in 2019

Dimian said he hoped economic reforms could bring the budget deficit down to 10% of GDP, but gave no time frame
April 29th, 2014 - 01:07 GMT

The glass half empty? Egypt's deficit for next year projected at 14%

He said affected students’ files, which contain birth certificates, copies of IDs and details of vaccinations, would remain in the private school until the fees are paid.
April 29th, 2014 - 12:34 GMT

Saudi Arabia opens up public schools to struggling expats

The department has carried out 2,173 inspections including 244 ones done in the Free Zone.
April 29th, 2014 - 12:27 GMT

About time! Dubai goes after weight loss medication

Stressing that the Kingdom was no longer in the economic danger zone, he mentioned that foreign currency reserves went up from $6.6 billion in 2012 to around $12 billion at the end of last year and that the remittances of expatriates have gone up noticeably.
April 29th, 2014 - 12:13 GMT

Jordan's Prime minister says Kingdom 'no longer in economic danger zone'

Dubai is now being compared to London's and Paris' women apparel market (File Archive)
April 28th, 2014 - 01:00 GMT

Salut Paris! Dubai is leading the way in fast-growing women apparel market

The new green loan is designed to encourage more firms to pursue energy efficient development in the UAE (File Archive/Shutterstock)
April 28th, 2014 - 11:00 GMT

UAE launches first regional "Green Loan"

Etisalat is acquiring a 53 percent stake in Maroc Telecom (File Archive)
April 28th, 2014 - 10:00 GMT

Top UAE Telecom signs multi-currency deal to fund Maroc Telecom acquisition

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