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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
March 26th, 2014 - 12:55 GMT

Saudi Arabia's first “Textile Arabia” opens in four-day exhibition

Al Bawaba
March 26th, 2014 - 11:00 GMT

Britain is boosting investment-and military presence-in this Gulf country

Banking has been a pioneer in this area and mobile banking is leading among many expatriates
March 26th, 2014 - 09:55 GMT

Mobile banking is gaining traction in the UAE

Al Bawaba
March 26th, 2014 - 08:55 GMT

Oman's exports overachieve in 2013

Strict air quality regulations were introduced in 2008 to stop quarries from generating pollutants, including dust and toxins,.
March 26th, 2014 - 03:55 GMT

A much needed precedent: UAE toughens up on environmental crimes

AFESD’s second agreement will contribute $162m to the Egyptian-Saudi electricity linkage project.
March 26th, 2014 - 03:55 GMT

Kuwait based Arab Fund to invest record $412 in Egypt

The International Monetary Fund, or IMF, urged GCC regulators to continue to ensure that banks maintain higher capital than required by minimum international standards.
March 26th, 2014 - 12:25 GMT

IMF tells GCC banks to be prepared for the worst

Overall, the Middle East’s online shopping is set for ‘exponential’ growth in the next three to five years, as more consumers embrace faceless transactions
March 25th, 2014 - 10:58 GMT

Addiction or healthy economy? UAE leads the region in online shopping

Arab foreign ministers on Sunday approved a draft resolution that paves the way for Egypt to host the Arab summit next year, and referred it to the Arab leaders for final endorsement.
March 25th, 2014 - 10:20 GMT

Too much drama to handle? Kuwait's Arab Summit 'aimed at economic growth'

Etihad will now have a 49 per cent stake in Air Serbia (File Archive)
March 25th, 2014 - 04:00 GMT

UAE airline moves forward with Air Serbia deal

The new app is designed to curb the frequency of blackouts expected during Egypt's summer months (File Archive)
March 25th, 2014 - 02:36 GMT

Curbing energy use in Egypt? Yes, Cairo has a new app for that

Almost one million foreign workers left KSA between March and November 2013 ahead of Saudi's major labor deportations at the end of last year (File Archive)
March 25th, 2014 - 01:45 GMT

Report: KSA policy forces over half of contracting firms to shut their doors....for good

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