Overview
- Groq announced a non-exclusive licensing agreement that gives Nvidia access to its AI inference technology.
- Founder Jonathan Ross, president Sunny Madra, and other Groq team members will join Nvidia to help integrate and scale the licensed technology.
- Groq says Simon Edwards becomes CEO and the company, including GroqCloud, will continue operating independently, with the cloud unit excluded from the deal.
- CNBC earlier reported a roughly $20 billion all-cash acquisition citing investor Alex Davis, a claim neither company confirmed and which Groq’s statement contradicts.
- Analysts warned of potential antitrust scrutiny in AI hardware, noting the license-plus-hiring structure may encounter fewer regulatory obstacles as Nvidia targets inference leadership.