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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 2nd, 2014 - 07:53 GMT

Implanted explosive devices prevent oil-pumping from Iraq to Turkey

The rents continue to increase for all the areas in Dubai
April 2nd, 2014 - 06:45 GMT

Inflation to soar in UAE following the rent cap removal this year

The solar plant is expected to be ready and connected to the national grid in mid-2015
April 2nd, 2014 - 05:56 GMT

Get wind of this: Spanish firm to build wind-operated power plant in Jordan

Iran is urging high income countries to invest in its telecom sector (File Archive)
April 1st, 2014 - 02:00 GMT

Iran "ready" to invest in telecoms sector

Al Bawaba
April 1st, 2014 - 01:05 GMT

Oman's the place to be: Sultanate promotes local tourism across the GCC

Al Bawaba
April 1st, 2014 - 12:32 GMT

Time for Tea: Global Dubai Tea Forum returns for fifth year running in April

Al Bawaba
April 1st, 2014 - 11:52 GMT

U.S. to Lebanon: We urge you to stop drilling for gas in disputed waters

Only limited lanes and counters will be open for services at the four 24-hour centres and the capacity will increase with the hike in demand
April 1st, 2014 - 09:55 GMT

All night long: Dubai motorists offered 24/7 vehicle testing services

Inspection teams immediately contacted the visitors and tourists and informed them that the excess money charged would be refunded
April 1st, 2014 - 08:55 GMT

Jeddah Hotels step up and pay up tourists SR300,000 in excess charges

People using the cards will now pay LL50 instead of LL100 for every minute of call time from a landline and LL100 instead of LL200 from a mobile line
April 1st, 2014 - 08:05 GMT

Call me maybe? Lebanese gov reduces phone call prices to help low-income citizens

Al Bawaba
April 1st, 2014 - 06:16 GMT

Two million Sharjah tourists expected to increase hotel revenues by 10% in 2014

The two companies will build power generation facilities in the southern region, each with 10-megawatt capacity
April 1st, 2014 - 06:07 GMT

12 deals for solar energy-run power plants shine on Jordan

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