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Nvidia Licenses Groq’s AI Technology as Demand for Cutting-Edge Chips Grows

Nvidia has entered into a significant nonexclusive licensing agreement with AI-chip startup Groq, which includes the acquisition of some of Groq's executive team. This deal reflects the growing demand for advanced AI chip technology in the industry.

Nvidia Licenses Groq’s AI Technology as Demand for Cutting-Edge Chips Grows

Key Highlights

  • Nvidia has licensed AI technology from Groq in a nonexclusive deal.
  • Groq's CEO and some staff will join Nvidia as part of the agreement.
  • The deal is expected to enhance Nvidia's capabilities in AI chip technology.
  • Groq's latest funding round valued the startup at $6.9 billion.
  • Nvidia's acquisition includes Groq's assets but excludes its cloud business.
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Sources

  1. Nvidia Licenses Groq’s AI Technology as Demand for Cutting-Edge Chips Grows
  2. Nvidia is said to buy AI chip startup Groq for $20 bn in biggest acquisition yet
  3. Groq execs to join Nvidia as part of AI-chip licensing deal

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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