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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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UAE's government seeks to become an entirely Smart Government by mid-2015 (File Archive)
March 30th, 2014 - 07:19 GMT

Etisalat-Emirati love affair: Phone company releases 3G smartphones for whopping $82!

The success of Souq.com and the promising survey results of MasterCard and PayPal have raised more positivity about the acceptance of such e-commerce web portals
March 30th, 2014 - 05:11 GMT

A precedent for the Middle East's blossoming e-commerce sector: Souq.com secures $150 million


“Either this target is not realistic or new quantum leaps will have to be made to reach it,” Arıtak said.
March 30th, 2014 - 03:26 GMT

Erdogan's 2023 grand economic vision: down the drain?

It said 12 of these would be transport helicopters and the other 10 would be the frigate version. Qatar will also acquire two Airbus-made refueling tankers.
March 27th, 2014 - 11:58 GMT

The beginning of a Gulf arms race? Qatar to buy two billion euros worth of military helicopters from France

The store features over 100 smart applications developed by the UAE local and federal agencies to provide services to about 700 customers in a single location.
March 27th, 2014 - 11:43 GMT

Bye bye bureaucracy? UAE launches world's first smart government app store

The multi-million dollar contract will be a big investment between America and the UAE. (File/AFP)
March 27th, 2014 - 03:28 GMT

U.S. firms win construction deal for Dubai canal project

Al Bawaba
March 27th, 2014 - 08:59 GMT

Lofty goal? Dubai set to attract 20 million annually by 2020

According to the statement, the budget deficit rose LL444 billion at the end of last year
March 27th, 2014 - 07:55 GMT

Lebanon: Budget deficit reaches 31 percent in 2013

The announcement came following a meeting between Egyptian Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour and Russian Minister of Industry and Trade Denis Valentinovich Manturov.
March 27th, 2014 - 03:55 GMT

You'd think they're both busy with other matters: Russia to establish industrial zone in Egypt

Around 91 per cent of UAE residents strongly believe that the upcoming Expo 2020 in Dubai will push up the cost of living across the country, according to a new survey by Insight Discovery.
March 26th, 2014 - 11:53 GMT

Too good to be true? Expo 2020 expected to raise cost of living, generate minimal returns

Al Bawaba
March 26th, 2014 - 10:34 GMT

Centrepoint celebrates 100th store with aggressive expansion plan

Dubai recorded 1.8 million more passengers than Heathrow in January and February this year (File Archive)
March 26th, 2014 - 01:00 GMT

Dubai Int'l takes over Heathrow for top spot as world's busiest airport

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