Nvidia to license AI chip challenger Groq's tech and hire its CEO
With Groq on its side, Nvidia is poised to become even more dominant in chip manufacturing.
TL;DR
- Nvidia has a non-exclusive licensing agreement with AI chip competitor Groq.
- Nvidia will hire Groq founder Jonathan Ross, president Sunny Madra, and other employees.
- CNBC reported Nvidia is acquiring Groq assets for $20 billion; Nvidia did not confirm this or the scope of the deal.
- Groq develops LPU chips designed to run LLMs faster and with less energy than GPUs.
- Groq recently raised $750 million at a $6.9 billion valuation and powers over 2 million developers' AI apps.