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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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Currently, they have 2,000 taxis registered in Cairo and the app has recently been launched in Alexandria as well.
March 21st, 2014 - 12:40 GMT

Because hailing a taxi is so 2013, Easy Taxi App makes it to Egypt!

Al Bawaba
March 20th, 2014 - 02:00 GMT

Is anything possible if the UAE govt is behind it? SMEs set to grow exponentially in next few years

Qatar will issue 10 tenders in 2014 for project managers and design consultants for the construction of the World Cup stadiums (File Archive)
March 20th, 2014 - 12:00 GMT

Scandals aside, Qatar says World Cup 2022 construction "on track"

The proposed 1.7 million jobs are supposed to serve as employment opportunities for Saudi's youth (File Archive)
March 20th, 2014 - 09:38 GMT

Saudi says 1.7 million jobs coming to KSA tourism sector within next six years

Between 2011 and 2012, UAE-Mexico bilateral trade increased by 27 per cent from Dh4.1 billion to Dh5.2 billion
March 20th, 2014 - 08:55 GMT

Mexico looking to strengthen cooperation with the UAE

Al Bawaba
March 20th, 2014 - 03:55 GMT

If only they'd treat their workers better: Saudi Arabia, India formalize $750 million investment fund

 
The Iranian-Omani pipeline, transporting almost one billion cubic feet of gas a day, will take 2½ years and to build, Mr. Kameli said.
March 20th, 2014 - 02:27 GMT

After Qatar, is someone about to get shunned as well? Iran considers exporting gas via Oman

Apple discontinued the iPad 4 last year when it launched its current flagship tablet, the iPad Air. The company had cut the price of iPad 2 to $399 in 2012.
March 20th, 2014 - 01:51 GMT

Fickle-minded? Apple replaces iPad 2 with iPad 4, launches cheaper iPhone 5C

Al Bawaba
March 19th, 2014 - 03:00 GMT

Get ready to get your game on: Xbox One coming to UAE, KSA

The UAE's IPO market has faced what has been described as a drought as a result of the global financial crisis (File Archive)
March 19th, 2014 - 01:00 GMT

Marka ready to "save" UAE's IPO market

Abu Dhabi exceeded its 2013 target to attract 2.5 million hotel guests in one year (File Archive)
March 19th, 2014 - 11:00 GMT

Job growth in UAE's tourism sector key to economy, but only if favorable regulations persist

The Egyptian businessmen desire to invest more in Sudan and cooperate in the agriculture sector
March 19th, 2014 - 09:55 GMT

Egyptian investments in Sudan total $7.8 billion

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