NVIDIA strikes deal with chip startup Groq, hires CEO
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Groq, a rival to Nvidia in the AI chip race, has entered into a non-exclusive agreement with the Green Team, with a deal valued at $20 billion, roughly $13 billion more than Groq's last evaluation. Nvidia will also hire the firm's founder and CEO,
Groq signs a non-exclusive AI inference licensing deal with NVIDIA as founder Jonathan Ross joins the chipmaker, signaling a deeper push into low-latency AI workloads.
A new type of dealmaking is on the rise in Silicon Valley as Nvidia reaches a non-exclusive deal with a chip startup and hires its top engineers.
Intel Corp. shares fell after a report said Nvidia stopped a test using Intel's production process to make advanced chips. The report from from Reuters. Norah Mulinda reports. (Source: Bloomberg)
Intel's stock was falling 1.4% in recent trading, enough to pace the PHLX Semiconductor Index's decliners. Intel shares were headed for a third straight loss and the eighth loss in the past 10 sessions,