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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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Qatar Airways will offer up to 293 Economy Class seats in its new expanded route to Melbourne (File Archive)
March 31st, 2014 - 01:00 GMT

Qatar Airways is flying again to Melbourne, but in a "bigger" way starting next month

Passenger traffic at Beirut's main airport is already down due to deteriorating domestic and regional situations, both of which have taken a critical toll on the country's economy (File Archive)
March 31st, 2014 - 11:00 GMT

More bad news for Beirut: Labor strikes may stop all airport traffic

Earth Hour is an annual, global movement that started in 2007 that called on cities and homes to switch off their lights for one hour to limit carbon dioxide (CO2) emissions
March 31st, 2014 - 08:55 GMT

Dubai saves 255,000kWh of energy during Earth Hour 2014

Al Bawaba
March 31st, 2014 - 07:55 GMT

Hotels in Dubai to charge '€˜tourism dirham’ starting from Monday

Breaking down the power usage numbers between 2005 and 2012, the consumption of electricity has risen steadily over the seven-year study period
March 31st, 2014 - 06:55 GMT

Electricity consumption in Oman rises by 149.5%: NCSI

The overarching patent battle between Apple and Samsung shows no sign of slowing, after mediation talks failed yet again ahead of the trial.
March 31st, 2014 - 06:09 GMT

The rivalry gets real: Apple to sue Samsung for $2 billion for 'copying iPhone features' and drag Google to the courtroom

The programme aims to offer an environment that gives a sense of normality, purpose and hope to vulnerable youths who are forced to live in refugee camps, the statement said.
March 31st, 2014 - 05:44 GMT

An attempt at normalcy: vocational training center established for Syrian youth in Jordan

Tourism receipts plummeted 65 percent, depicting a $2 billion drop in revenues in the first quarter of the current financial year in comparison to the prior year.
March 30th, 2014 - 09:19 GMT

Thank you, Gulf money: Egypt balance of payments records largest surplus in 17 years

Oil exports are expected to decline as market loosens, bringing the price down this year.
March 30th, 2014 - 09:03 GMT

Time for some frugality? Never! Kuwait's oil exports fall 3%

The rise in expenditure is primarily driven by official initiatives to offer more government services online and on mobile platforms
March 30th, 2014 - 09:51 GMT

UAE’s IT spending to top $4.6bn in 2014

Al Bawaba
March 30th, 2014 - 09:49 GMT

Dubai at forefront of exploring Iran's new market potential

Lukoil is Russia's second largest oil producer (File Archive)
March 30th, 2014 - 09:00 GMT

Russia's second largest oil producer enters first week of operations in Iraq

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