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Nvidia to acquire Groq for $20 billion in its largest deal ever, CNBC reports [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The report, which is citing Alex Davis, chief executive of Disruptive and a long-time backer of the startup, noted that the transaction came together quickly, just months after Groq raised $750 million at a valuation of about $6.9 billion. Disruptive has invested more than $500 million in the company since its founding in 2016. The most recent funding round drew investors including BlackRock , Neuberger Berman, Samsung, Cisco, Altimeter and 1789 Capital. Groq is expected to notify investors about the deal later on Wednesday, Davis said. While the acquisition includes Groq's assets, its early-stage cloud business is excluded from the transaction. The startup was founded by former engineers behind Google's tensor processing unit, or TPU, a chip designed to compete with Nvidia in artificial intelligence workloads. If completed, the deal would represent Nvidia's largest acquisition to date, underscoring the company's push to strengthen its position in advanced AI hardware. Rela
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