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CNBC

Nvidia buying assets from AI chip startup "Groq" for $20B in cash

CNBC · Just In
CNBC
CNBC
Just In

CNBC's Leslie Picker reports on news regarding Nvidia.

Breakdown
  • Nvidia to buy Groq AI chip assets for $20 billion in cash
  • Disruptive CEO Alex Davis confirmed the acquisition news 13s
  • Groq's founder and senior leaders will join Nvidia 20s
  • Groq will continue as an independent company under its finance chief 29s
  • This is Nvidia's largest acquisition, surpassing Mellanox deal 34s