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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 25th, 2014 - 09:55 GMT

China to provide new loans to Sudan

Al Bawaba
March 25th, 2014 - 08:58 GMT

Business tourism in Dubai expected to grow in line with Expo 2020

“This sector is beginning to make waves in the U.K. but needs to be nurtured from alternative investment to major league player,” Heaton said.
March 25th, 2014 - 03:47 GMT

Feigning devotion: UK focuses efforts on halal investing

In a statement to The Jordan Times on Monday, the bank said the employees, who resigned in October 2013, have withdrawn the money from other banks' ATMs.
March 25th, 2014 - 02:38 GMT

Jordan's Bank al Etihad reveals JD207,000 embezzlement case by former employees

The Middle East is a big market for technology and the growth of mobile in the region poses huge potential for us,” she said.
March 25th, 2014 - 02:34 GMT

Yahoo Maktoob 'reinvents itself', adopts FIFA theme for Middle East audience

Al Bawaba
March 24th, 2014 - 02:00 GMT

New Audi A8 L rolls in with style to Bahrain market

Saudi Arabia's IT market is the largest in the GCC (File Archive/Shutterstock)
March 24th, 2014 - 01:00 GMT

Thank to IT, this MENA country is projected to be the most competitive economy by 2020

There will be four cruise companies operating in Dubai next season (File Archive)
March 24th, 2014 - 11:00 GMT

Dubai is diving in to new cruise deals, expects to attract one million cruise tourists by 2020

The park will rely entirely on solar energy without using the public electricity connection to operate its lights and integrated irrigation network
March 24th, 2014 - 08:55 GMT

Dubai to have its first solar-powered park soon

Al Bawaba
March 24th, 2014 - 08:55 GMT

Modest, but at least positive: Egypt's growth rate reaches 1.4%

Many people are coming from Dubai and buying in Muscat
March 24th, 2014 - 07:55 GMT

Oman's $600m real estate dreams come true

Among other gainers in Dubai were property developer Deyaar and construction firms Arabtec Holding and Drake & Scull.
March 24th, 2014 - 03:55 GMT

After last week's plunge, Saudi stocks recover to five year high!

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