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Nvidia Strikes Major AI Chip Licensing Deal With Groq
Beyond Blockchain
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Nvidia has entered a non-exclusive licensing agreement with AI chip rival Groq, signaling a major strategic move in the race for AI computing power. As part of the deal, Nvidia will hire Groq founder and CEO Jonathan Ross, president Sunny Madra, and several other employees. While Nvidia says it is not acquiring Groq outright, CNBC reports the company is purchasing assets worth up to $20 billion—potentially Nvidia’s largest deal to date.
