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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 20th, 2014 - 12:00 GMT

"Old" School: Singapore to train 3,000 Saudi school principals

Al Bawaba
April 20th, 2014 - 10:00 GMT

Finally, a solution for the Kingdom's economy? Tourism revenues on the rise in Jordan

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)
April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

Al Bawaba
April 20th, 2014 - 08:00 GMT

This MENA country is topping charts...for military spending

Al Bawaba
April 20th, 2014 - 01:55 GMT

The untameable monster: experts warn Dubai against off-plan property sales given signs similar to 2008 crash

Al Bawaba
April 20th, 2014 - 12:10 GMT

The not-so-smart approach: Libya to introduce smart card system to cut fuel subsidies

Al Bawaba
April 18th, 2014 - 10:14 GMT

Samsung Galaxy S5 to defy expectations and outsell S4?

The 36-story, 382,500 square-foot (35,535 square-meter) building is located on the Fifth Avenue in New York.
April 18th, 2014 - 07:32 GMT

In audacious move, US to sell Iran-owned skyscraper in New York

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.
April 17th, 2014 - 09:53 GMT

Historic irony? Iran to splash $20 billion on joint oil fields with Iraq

Ensour stressed that the Kingdom is in need of support from all Arab states to be able to continue its pan-Arab nationalist role.
April 17th, 2014 - 09:37 GMT

Rising from the ashes? Jordan's economy 'recovering', says PM

Al Bawaba
April 17th, 2014 - 09:21 GMT

Short-term pain, long-term gain? Emirates airlines to cancel 41 destinations for Dubai runway upgrade

Al Bawaba
April 17th, 2014 - 03:34 GMT

Dubai's "Tourism Dirham" gets good feedback

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