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Great family. The tech world is in turmoil after Nvidia decided to spend $20 billion to acquire leading company GROQ. This is no small feat, as Nvidia has acquired all of GROQ’s advanced chip technologies and added its top engineers to its successful team. The deal was completed with remarkable speed, according to Alex Davis, after major companies such as Samsung and BlackRock recently evaluated GROQ, and even Donald Trump Jr.’s name was mentioned in connection with the deal.
The tactic used here is very clever: Nvidia did not acquire GROQ directly, but rather all of its key intellectual property rights. Nvidia CEO Jensen Huang told shareholders that it wants to integrate this fast technology into its mainframes to deliver advanced real-time AI services. This is a huge step for Nvidia, as it has used a significant portion of its reserves to ensure that it does not suffer at the hands of its competitors.
Although Nvidia has acquired all the assets, Groq will remain an independent company led by Simon Edwards, and GroqCloud will operate as usual. This approach - recruiting top talent and issuing licenses - is a new trend among technology companies such as Meta and Microsoft, ensuring that they stay one step ahead without having to deal with cumbersome bureaucracy. Now Nvidia has established its position, and its AI-powered devices have exceptional speed, which gives it a significant advantage over its competitors.
source: cnbc
The tactic used here is very clever: Nvidia did not acquire GROQ directly, but rather all of its key intellectual property rights. Nvidia CEO Jensen Huang told shareholders that it wants to integrate this fast technology into its mainframes to deliver advanced real-time AI services. This is a huge step for Nvidia, as it has used a significant portion of its reserves to ensure that it does not suffer at the hands of its competitors.
Although Nvidia has acquired all the assets, Groq will remain an independent company led by Simon Edwards, and GroqCloud will operate as usual. This approach - recruiting top talent and issuing licenses - is a new trend among technology companies such as Meta and Microsoft, ensuring that they stay one step ahead without having to deal with cumbersome bureaucracy. Now Nvidia has established its position, and its AI-powered devices have exceptional speed, which gives it a significant advantage over its competitors.
source: cnbc
