Particle.news
Download on the App Store
14 ARTICLES
·
last wk.

Groq Confirms Nvidia Licensing Deal, Disputes Reports of $20 Billion Acquisition

Groq says it will remain independent under incoming CEO Simon Edwards, with its cloud unit excluded from the deal.

Image
Image
Image
Jonathan Ross, chief executive officer of Groq during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC Nov. 19.

Overview

  • Groq said Nvidia will take a non-exclusive license to its technology, a structure a person close to Nvidia also confirmed.
  • Founder Jonathan Ross and president Sunny Madra, along with other senior engineers, will leave Groq to join Nvidia.
  • CNBC earlier reported an about $20 billion cash acquisition citing investor Alex Davis, a claim not confirmed by Nvidia or Groq.
  • Groq stated that its operations will continue under Simon Edwards and that its cloud business is not part of the arrangement.
  • The inference-focused chipmaker recently raised $750 million at a roughly $6.9 billion valuation and develops SRAM-based accelerators for low-latency AI serving.