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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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On average the emirate recorded 7 percent quarter-on-quarter growth for apartment rentals, and a strong year-on-year figure of 38 percent
April 16th, 2014 - 02:55 GMT

Thank you, Dubai: 'Flight to affordability" hikes rent in Sharjah

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
April 16th, 2014 - 02:04 GMT

After $14 billion down the drain, Libyan oil is back on the market

Al Bawaba
April 15th, 2014 - 12:00 GMT

Hearty Halal: industry to be worth $2.5 trillion by 2018

Al Bawaba
April 15th, 2014 - 10:28 GMT

Dubai prepares for the Electric Car era

Al Bawaba
April 15th, 2014 - 10:14 GMT

Oil giant BP announces $3 billion project in Oman

Al Bawaba
April 15th, 2014 - 09:39 GMT

Samsung launches world-first 12.2 inch widescreen notebook in Bahrain

Al Bawaba
April 15th, 2014 - 09:27 GMT

Saudi to build 63 new hospitals in the next five years

Oil prices received an additional boost following delays in resuming oil exports from Libya.
April 15th, 2014 - 02:55 GMT

Crude oil climbs to 5-week highs amidst intensified Ukraine, Libya crisis

Al Bawaba
April 15th, 2014 - 02:55 GMT

Breaking the record: Turkey's foreign debt 'highest in history'

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
April 15th, 2014 - 02:55 GMT

Knocking all doors: Iran seeking World Bank finances for development projects

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
April 14th, 2014 - 06:04 GMT

Forbes' Middle East list is out and Egypt, yes Egypt, is leading

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
April 14th, 2014 - 05:45 GMT

Moving forward? Not with diversification at least, Kuwait signs $12 billion worth of oil contracts, tenders others

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