Nvidia Signs Licensing Deal With AI Chip Startup Groq [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
move that could extend its technology portfolio as demand for AI computing continues to expand. Under the agreement, Nvidia paid for the right to use Groq's chip design and plans to integrate the technology into future products, while several Groq executives, including Chief Executive Officer Jonathan Ross, are set to join Nvidia to help advance and scale the licensed technology. Groq said it will continue operating as an independent company under a new chief executive, with no financial terms of the deal disclosed. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. Nvidia's existing technology already dominates data centers at the center of the surge in AI-driven spending, a position that has made it the most valuable company in the chip industry and provided it with substantial resources to reinvest across the AI ecosystem. Groq, founded in 2016, is among a group of startups and large technology comp
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