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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
April 28th, 2014 - 07:12 GMT

Viceroy to add two more luxury hotels under its belt in Dubai

Al Bawaba
April 28th, 2014 - 06:30 GMT

To the last drop: Iran suffering serious water-shortage

Al Bawaba
April 28th, 2014 - 02:55 GMT

The boycott fear? Israel expanding trade offices in Asia, Africa at the expense of Europe

Al Bawaba
April 28th, 2014 - 01:10 GMT

A very different "Borg Al-Arab": construction of government subsidized housing almost complete in Alexandria

Iran-Russia trade currently totals $5 billion a year, but economists say the two countries can at least quadruple the volume of their trade exchanges.
April 28th, 2014 - 12:50 GMT

Partners in...sanctions? Russia, Iran $10 billion power deal gaining momentum

Upon completion, it is expected to provide 40,000 housing units across four districts that will house 200,000 to 250,000 people
April 28th, 2014 - 12:41 GMT

Emirati Bloom to house 250000 Iraqis through Shores of Karbala Project

Al Bawaba
April 27th, 2014 - 11:21 GMT

Supply and demand? Oman registers more than 2,000% increase in fake products

Al Bawaba
April 27th, 2014 - 11:00 GMT

Diamonds are forever?! Inshallah, says KSA after Riyadh captures seven percent of global trade

Bahrain has also been in the process of implementing reforms for expatriate worker rights (File Archive/AFP)
April 27th, 2014 - 09:35 GMT

Beware of Bahrain's new blacklist! Employers hiring illegal workers to face new penalties under new policy

“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.
April 27th, 2014 - 02:55 GMT

Misery loves company? Lebanese banks announce their intention to pursue Iraq's banking sector

Rouhani's first attempt at implementing subsidy reform was a disaster.
April 27th, 2014 - 02:55 GMT

The litmus test for Rouhani's popularity? Iranians rush to gas stations in anticipation of unprecedented price hike

The meeting focused on the economic policy issues of the two sides, exploring trade opportunities and boosting of trade ties between them.
April 27th, 2014 - 01:09 GMT

A sturdy relationship: UAE and US conclude economic dialogue

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