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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 17th, 2014 - 03:09 GMT

New priorities? Abu Dhabi families spend more on phones than on education, survey says

Al Bawaba
April 17th, 2014 - 02:09 GMT

Around 573 new hotels to be built in Middle East/Africa region, report says

Saudi Weddings 2014, is the perfect one-stop wedding festival for future weds to see, touch, hear, compare wedding jewelry, dresses, cosmetics and fragrances according to the latest trends.
April 17th, 2014 - 02:55 GMT

Bring on the matrimonial spirit! International Wedding Exhibition makes it to Riyadh

Dimian noted that the annual meeting between Egypt and the IMF will be scheduled after the presidential elections, slated to take place in May.
April 17th, 2014 - 02:55 GMT

Third time's a charm? Egypt gives stimulating economy with UAE money another shot

 The kingdom's banking sector remains very resilient and requirements to enhance the liquidity and reserves under Basel III will further bolster it, Rasheed Al Maraj was quoted as saying.
April 16th, 2014 - 08:07 GMT

Moving forward: Bahraini banks to adopt Basel III standards

The growth rate is more than double a recent estimate from the International Air Transport Association, or Iata, that passenger demand will increase 5.8 per cent this year on a global basis
April 16th, 2014 - 04:34 GMT

Etihad airways smashes expectations and posts double expected profits

Al Bawaba
April 16th, 2014 - 12:23 GMT

Optimism for Abu Dhabi as "Consumer Confidence" grows

Al Bawaba
April 16th, 2014 - 11:55 GMT

Going green: Qatar to invest $182 billion in eco-friendly infrastructure

Al Bawaba
April 16th, 2014 - 10:27 GMT

Expat workers still banned in Oman

Al Bawaba
April 16th, 2014 - 10:11 GMT

World Bank approves loan for Lebanon as part of Reform Project

Al Bawaba
April 16th, 2014 - 09:39 GMT

Eight out of 10 people will buy a car in the Middle East, survey says

Al Bawaba
April 16th, 2014 - 02:55 GMT

GCC drift to go further? Iran ready to take bilateral tries with UAE further

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