Nvidia Reportedly Shells Out $20.6 Billion For Groq, CEO Jonathan Ross Says He's Joining Rival Chip Giant Along With The Team
Bullish
75.0
Groq announced a non-exclusive licensing agreement with Nvidia Corp. (NASDAQ:NVDA) for its inference technology on Wednesday, aiming to boost high-performance AI inference worldwide. The reportedly 20.6 billion cash deal highlights collaboration between the AI chip innovators amid surging demand for efficient inference solutions.
Groq To Remain An Independent Company
Groq has entered into a non-exclusive licensing agreement with Nvidia covering its inference technology. Groq reports the pact focuses on expanding access to high-performance, low-cost inference capabilities. As part of the arrangement, Jonathan Ross, Groq's Founder, Sunny Madra, Groq's President, and other team members will join Nvidia to advance the licensed technology.
Ross confirmed on X that he would be joining Nvidia and
Groq To Remain An Independent Company
Groq has entered into a non-exclusive licensing agreement with Nvidia covering its inference technology. Groq reports the pact focuses on expanding access to high-performance, low-cost inference capabilities. As part of the arrangement, Jonathan Ross, Groq's Founder, Sunny Madra, Groq's President, and other team members will join Nvidia to advance the licensed technology.
Ross confirmed on X that he would be joining Nvidia and
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