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Nvidia completes major acquisition to strengthen AI inference
Nvidia acquired Groq’s assets in a $20 billion deal, strengthening its AI inference capabilities amid rising competition in advanced chip technology.
Nvidia completed a $20 billion acquisition of AI chip startup Groq’s assets, marking its largest deal to date. The transaction includes licensing Groq’s technology and onboarding its chief executive to bolster Nvidia’s inference capabilities. The move reflects intensifying competition in AI hardware as demand accelerates across data centers and enterprise workloads during the ongoing AI investment cycle.