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    Nvidia Is Reportedly Acquiring AI Chip Designer Groq’s Assets for $20 Billion

    5 hours ago

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    Nvidia is reportedly purchasing the artificial intelligence (AI) chip designer Groq’s assets. As per the report, the chipmaker is acquiring the AI inference technology assets for a price of $20 billion (roughly Rs. 1.79 lakh crore). The amount is nearly threefold of Groq’s recent valuation of $6.9 billion (roughly Rs. 61,986 crore), at which the company raised $750 million (roughly Rs. 6,740 crore).

    Nvidia is reportedly purchasing the artificial intelligence (AI) chip designer Groq’s assets. As per the report, the chipmaker is acquiring the AI inference technology assets for a price of $20 billion (roughly Rs. 1.79 lakh crore). The amount is nearly threefold of Groq’s recent valuation of $6.9 billion (roughly Rs. 61,986 crore), at which the company raised $750 million (roughly Rs. 6,740 crore).
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