Nvidia Buys Groq for $20B in AI Chip Deal

Nvidias $20B Acquisition of Groq: A Game-Changer in AI HardwareNvidia has agreed to buy Groq, a startup known for its high-performance AI accelerator chips, for $20 billion in cash. This deal, first reported by CNBC, excludes Groqs cloud business. The acquisition signals fierce competition in AI hardware and potential consolidation as AI demand surges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.