Nvidia, Groq
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Groq, a rival to Nvidia in the AI chip race, has entered into a non-exclusive agreement with the Green Team, with a deal valued at $20 billion, roughly $13 billion more than Groq's last evaluation. Nvidia will also hire the firm's founder and CEO,
Groq signs a non-exclusive AI inference licensing deal with NVIDIA as founder Jonathan Ross joins the chipmaker, signaling a deeper push into low-latency AI workloads.
SPAC King Chamath Palihapitiya is set for a massive payday following NVIDIA Corp.'s (NASDAQ: NVDA) $20.6 billion deal with rival semiconductor company, Groq.