Nvidia Licenses Groq AI Chip Tech, Hires Key Executives

Nvidia has entered a non-exclusive licensing agreement with AI chip startup Groq, also hiring its founder and president. This strategic move aims to bolster Nvidia's AI inference capabilities amid a reported $20 billion asset transfer, while Groq maintains independent operations.

• Nvidia secured a non-exclusive license for Groq's AI inference technology.
• Groq's founder Jonathan Ross and President Sunny Madra join Nvidia.
• Groq will continue operating independently with Simon Edwards as new CEO.
• The deal involves a reported $20 billion asset acquisition, not full company purchase.
• Aims to enhance Nvidia's AI inference capabilities against rising competition.
• Reflects a 'Big Tech acquihire' trend to gain talent and technology.

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