daniel

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Groq Chatp/groq-chatChris Messina•

17d ago

Nvidia to buy AI chip startup Groq’s assets for about $20 billion in largest deal on record

Merry Christmas Jonathan Ross (Groq s Founder)! $20B will buy a lot of holiday cheer!

Today, Groq announced that it has entered into a non-exclusive licensing agreement with Nvidia for Groq s inference technology. The agreement reflects a shared focus on expanding access to high-performance, low cost inference.

As part of this agreement, Jonathan Ross, Groq s Founder, Sunny Madra, Groq s President, and other members of the Groq team will join Nvidia to help advance and scale the licensed technology.

Groq will continue to operate as an independent company with Simon Edwards stepping into the role of Chief Executive Officer.

GroqCloud will continue to operate without interruption.

Source.

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