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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 10th, 2014 - 02:55 GMT

But isn't anything life-saving inherently halal? Saudi Arabia, Malaysia bilaterally developing 'halal' vaccine

The first three months saw a 10 per cent spike in residential rental rates in prime locations, while off-island homes shot up by 14 per cent.
April 10th, 2014 - 02:55 GMT

When it comes to the UAE, there's no escaping it: Abu Dhabi rent removal cap already hitting residents

Al Bawaba
April 10th, 2014 - 01:48 GMT

How is it still the world's largest car manufacturer? Toyota forced to recall another 6 million vehicles over 'string of problems'

EK171 will no longer operate on Mondays, Wednesdays and Fridays and the return flight (EK172), which departs at 0230 the next day, will be cancelled on Tuesdays, Thursdays and Saturdays.
April 9th, 2014 - 04:55 GMT

Emirates airlines responds to Ukraine crisis

The scenario's basic assumptions are a reduction in GDP, a sharp rise in the interest rate, a 20% drop in home prices, and a 12% unemployment rate
April 9th, 2014 - 04:49 GMT

An impending mortgage crisis in Israel? Well, the central bank can already envision one

The GCC was the largest export destination with total export to the region reaching AED15.8 billion, with Saudi Arabia taking 57 percent of the total GCC export
April 9th, 2014 - 09:55 GMT

Dubai’s exports to Saudi Arabia bring in the big bucks with $2.5 billion in March

The plant will support the expansion of the Zubair oil field near Basra
April 9th, 2014 - 08:55 GMT

Who said destroying Iraq wasn't profitable? Alstom wins $549m Iraq power plant contract

Iran and the six powers have yet to agree on the limits that Tehran will have to accept on its enrichment programme
April 9th, 2014 - 07:55 GMT

Six world powers push for lifting nuclear santions on Iran by July

Al Bawaba
April 9th, 2014 - 06:55 GMT

Germany, UAE go hand in hand with developing stronger economic partnership

In the United Arab Emirates, where real estate prices are rising at a fast pace, the award of World Expo 2020 has further strengthened growth prospects
April 9th, 2014 - 06:36 GMT

IMF raises UAE's 2014 growth forecast to 4.4% thanks to Expo 2020, rising property prices

While revenues of banks in Qatar grew by 20 percent and banks in the UAE are back to double-digit growth overall, Saudi, Omani and Bahraini banks are experiencing single digit growth rates.
April 9th, 2014 - 02:55 GMT

Trust the borrowers: GCC banks post double-digit growth, and losses

He added that the volume of projects that applied to benefit from the Investment  Promotion Law reached JD1.92 billion (around $2.7 billion) in 2013 compared to JD1.61 billion ($2.2 billion) in 2012.
April 9th, 2014 - 02:55 GMT

Jordan braces up for more foreign investments

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