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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 7th, 2014 - 06:42 GMT

Forcing education, just like Saudization: Saudi Arabia imposes fingerprinting, biometric technology to force public school attendance

Al Bawaba
April 7th, 2014 - 06:10 GMT

Lebanese business tycoon taken in over "impersonation" charges

The new liquefied petroleum gas plant is designed based on state-of-the-art technology and strict health, safety and environment principles
April 7th, 2014 - 09:55 GMT

Going High-Tech: Oman Gas to build state-of-the-art Liquefied Petroleum Gas plant in Salalah

It seems that all the major players in this regional aviation industry are hoping to ride the current wave of success
April 7th, 2014 - 09:55 GMT

ME aviation industry flying high, sees expansion amid growth

Dubai is expected to be ranked second after London in terms of gold trade
April 7th, 2014 - 05:54 GMT

Dubai sitting on a gold mine with $75 billion in Gold trade in 2013

Heikal made his comment while discussing a government scheme to use coal in cement factories in order to reduce subsidies, despite criticism from campaigners and the environment ministry
April 7th, 2014 - 02:55 GMT

Sawiris, Heikal get worked up over Egypt's energy subsidies - on twitter

He added that the ministry would make also smartcards available for the citizens, which would allow them to save points to be used in exchange for other commodities, such as milk, yoghurt, lentils and beans
April 7th, 2014 - 02:44 GMT

Smart or ridiculous? Bread-rationing smartcard to be introduced to Egypt next week

Gold worth a total of $75 billion was moved through Dubai in 2013.
April 6th, 2014 - 04:09 GMT

2250 tons or 40% of world's gold passes through Dubai

  The head of the Bakeries Committee in the Jeddah Chamber of Commerce and Industry, Fayez Hamadah, said all bakeries in the region will be automated within two years.
April 6th, 2014 - 02:55 GMT

Going after expats' daily bread: Saudi Arabia to automate and Saudize bakeries

Riyadh and Jeddah are among the biggest 10 cities in terms of having the largest number of new hotel projects in the Middle East
April 6th, 2014 - 10:55 GMT

The more the merrier: Saudi Arabia's hospitality sector set to grow to $93billion by 2019

Al Bawaba
April 6th, 2014 - 08:55 GMT

African and Arab markets increase Oman's non-oil exports by 6% in 2013

Al Bawaba
April 6th, 2014 - 07:55 GMT

Climbing up the property ladder: India largest foreign investor in Dubai real estate

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