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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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According to the report, 80% are concerned with the unemployment level in the country.
April 9th, 2014 - 02:55 GMT

Egypt's youth shared their deepest worries

ICT Minister Azzam Sleit, who did not wish to name the company, said the door remains open for other operators to acquire such frequencies to introduce 4G services, which enable data transfer rates of up to 150 megabits per second.
April 8th, 2014 - 11:43 GMT

After rejecting outsiders: Jordanian telecom company gets on board with 4G plans and place a bid

Symantec also highlighted the increasing number of Internet of Things devices targeted last year including routers, baby monitors and security cameras.
April 8th, 2014 - 11:26 GMT

Man-made troubles: Cyber attacks increased 91% in 2014, manufacturing companies most vulnerable

Ayatollah Khamenei also touched upon health insurance, urging the officials to take measures to expand health insurance, both in terms of quality and coverage.
April 8th, 2014 - 02:11 GMT

Who said Iran and the US have nothing in common? Khamenei emphasizes healthcare reform as Iran's top priority

Israel has already used up its annual $3.1 billion in this year's US military aid, and has committed all the aid through 2018, when the current aid package expires.
April 8th, 2014 - 02:03 GMT

American taxpayers, rejoice: Israel has already drained US aid through 2018... on weapons

Al Bawaba
April 8th, 2014 - 10:55 GMT

Iran and Russia get down to business, stress finalizing energy deals

Amman and Beijing agreed to expedite the implementation of development schemes China has agreed to fund through grants
April 8th, 2014 - 08:55 GMT

Money well spent: Jordanian-Chinese committee to increase bilateral trade volume, tourism exchange

Al Bawaba
April 8th, 2014 - 06:55 GMT

Dubai’s rents increase, more tenants seeking to buy own homes

Al Bawaba
April 8th, 2014 - 02:55 GMT

All night long: hundreds wait in line for Istanbul's first Apple Store

The deal could help bolster the authority of the weak central Libyan government in the face of the country’s powerful militias, most of which have drawn their members from the former rebels who fought against Qaddafi.
April 8th, 2014 - 02:55 GMT

Playing diplomacy? Libyan militias forego four oil plants in return for revenue share

Egypt’s foreign reserves rose to $17.414bn in March from $17.307bn in February, the Central Bank said on Monday.
April 7th, 2014 - 07:01 GMT

Foreign handouts do 'pay' after all: Egypt foreign reserves rise to $17.414 billion in March

Oil minister expressed hope that oil production would return to its level in 2005, that is, 4.2 million barrels per day.
April 7th, 2014 - 06:50 GMT

Open for business after all? Iran to skip US permission and export as much oil as it wants

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