Nvidia makes its largest acquisition ever, shopping for the property of AI chip startup Groq for $20 billion. Groq's founders, creators of Google's Tensor Processing Unit, will be part of Nvidia.
Nvidia is buying the property of AI chip startup Groq for roughly $20 billion within the largest deal in its historical past, UNN reviews with regards to CNBC.
Particulars
"Nvidia is making its largest acquisition in historical past, shopping for the property of nine-year-old chip startup Groq for roughly $20 billion," the report says.
The corporate was based by the creators of Google's Tensor Processing Unit (TPU), which competes with Nvidia within the discipline of synthetic intelligence duties.
Groq, valued at $6.9 billion in September, described the deal as a "non-exclusive licensing settlement" below which its CEO and different senior executives will be part of Nvidia.
This deal is Nvidia's largest acquisition in historical past. The chipmaker's largest acquisition to this point occurred in 2019 when it purchased Israeli chip developer Mellanox for practically $7 billion. On the finish of October, Nvidia had $60.6 billion in money and short-term investments, which is $13.3 billion greater than in the beginning of 2023.
In an e mail to staff obtained by CNBC, Nvidia CEO Jensen Huang mentioned the deal would develop Nvidia's capabilities.
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