Nvidia Reportedly Shells Out $20.6 Billion For Groq, CEO Jonathan Ross Says He's Joining Rival Chip Giant Along With The Team

Groq announced a non-exclusive licensing agreement with Nvidia Corp. (NASDAQ:NVDA) for its inference technology on Wednesday, aiming to boost high-performance AI inference worldwide. The reportedly 20.
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Nvidia Stock Climbs As The King Of AI Defends Its Throne

At the heart of the agreement is a massive transfer of high-level talent. Jonathan Ross, Groq's founder and the original architect of Google's TPU program, will join NVIDIA alongside Groq's president, Sunny Madra, and other key team members to scale the licensed technology.

The AI Power Play: Nvidia's Groq Acquisition Could Reshape The Industry

By combining Groq's inference technology with its own GPU ecosystem, Nvidia is positioning itself to control the full lifecycle of AI computation.

Nvidia buys AI chip startup Groq's assets for $20 billion in the company's biggest deal ever — Transaction includes acquihires of key Groq employees, including CEO

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,
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