Nvidia has entered a strategic non-exclusive licensing agreement with AI chip rival Groq, hiring key figures including founder Jonathan Ross and president Sunny Madra. Reports suggest Nvidia is acquiring assets from Groq for $20 billion, marking potentially its largest transaction yet, although Nvidia clarifies this is not a full company acquisition. As demand for AI computing power escalates, Nvidia’s GPUs dominate the market. Meanwhile, Groq’s innovative LPU (language processing unit) promises to run large language models (LLMs) ten times faster and more efficiently, spotlighting Ross’s history of AI chip innovation from his time at Google. Groq recently raised $750 million, achieving a $6.9 billion valuation and significantly increasing its developer base from 356,000 to over 2 million. This partnership positions Nvidia to strengthen its lead in AI chip manufacturing amid growing competition in the tech industry.
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