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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 16th, 2014 - 02:00 GMT

Sotheby's, Art Dubai planning to woo investors with latest offers in contemporary art market

Sixty percent of the region's upstream oil transactions in 2013 were from the UAE, Oman and Iraq (File Archive/Shutterstock)
March 16th, 2014 - 12:00 GMT

Going against the tide? MENA upstream oil sector reports growth in transaction value

Al Bawaba
March 16th, 2014 - 09:55 GMT

Rapid household borrowing results in 8% credit growth in Kuwait

The new bridge and service roads will ensure free traffic movement to access the Bluewaters Island featuring an array of spectacular waterfronts
March 16th, 2014 - 08:09 GMT

Dubai announces two more massive road projects

Al Bawaba
March 16th, 2014 - 03:55 GMT

The end of first world problems: are cell phone manufacturers about to be forced into making one "universal" charger?

 Emaar talked about listing its shopping mall unit but was forced to put the plan on hold as the emirate's real estate and stock markets collapsed.
March 16th, 2014 - 03:55 GMT

Shopping mall wealth: Emaar is about to make the region's highest equity list since 2008

Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).  The broader index EGX70 dropped 1.35 percent in a session that saw mostly Egyptians as net suppliers, while Arab investors were net sellers at a net value of LE8 million ($1.15 million).
March 16th, 2014 - 03:55 GMT

Talk about a comeback: Egypt's stock market hits a three-year high!

Lebanon's airport numbers have gone down dramatically over the past three years due to the country's domestic turmoil as well as the neighboring war in Syria (File Archive)
March 13th, 2014 - 02:00 GMT

Clearly, refugees aren't part of the formula: number of incoming passengers to Lebanon decline further

Singapore Tourism Board is in the process of developing materials in Arabic to lure more tourists from MENA and the Arabic-speaking world (File Archive/Shutterstock)
March 13th, 2014 - 01:00 GMT

World's most expensive city luring KSA tourists

Iran's oil production has decreased by 171,000 bpd since 2012
March 13th, 2014 - 11:55 GMT

Onwards and upwards: Iran’s oil output up to 2.8 mbpd in February

Despite drops in the stock market this week, Dubai's exchange still remains one of the top 10 performers globally (File Archive)
March 13th, 2014 - 10:24 GMT

What's the deal? UAE stocks plunging again

The next 10 years should see a better mix of energy generated from coal, nuclear, and solar sources
March 13th, 2014 - 09:55 GMT

Big price for big win: Dubai needs energy-efficient measures for Expo 2020, experts say

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