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Stock impact report

Nvidia to licence Groq technology, hire executives [BNN Bloomberg (Canada)]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: BNN Bloomberg
Groq specializes in what is known as inference, where artificial intelligence models that have already been trained respond to requests from users. While Nvidia dominates the market for training AI models, it faces much more competition in inference, where traditional rivals such as Advanced Micro Devices AMD.O have aimed to challenge it as well as startups such as Groq and Cerebras Systems. Groq said that Nvidia had agreed to a “non-exclusive” licence to Groq's technology. Groq said that its founder Jonathan Ross, who helped Google start its AI chip program, as well as Groq President Sunny Madra and other members of its engineering team will join Nvidia. A person close to Nvidia confirmed the licensing agreement. Groq did not disclose financial details of the deal. CNBC earlier reported that Nvidia had agreed to acquire Groq for US$20 billion in cash, but neither Nvidia nor Groq commented on the report. Groq said in its blog post that it will continue to operate as an independ Show less Read more
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