In what’s turning out to be a record-setting transaction, tech giant Nvidia is reportedly purchasing Groq, an AI chip startup, for nearly $20 billion. This news comes exclusively from CNBC and showcases Nvidia’s continuous pursuit of dominance in the artificial intelligence (AI) segment.
Since its establishment, Groq has been on the frontline of producing powerful, simple-to-use hardware for AI. The acquisition, hence, seems to be a strategic move by Nvidia to stay ahead in the competitive artificial intelligence market. This deal is the largest in Nvidia’s history and is destined to transform the AI landscape.
More details about the deal are expected to come to light in the forthcoming days. Read More
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