Nvidia acquires AI chip challenger Groq for $20B, report says

Nvidia is reportedly set to acquire AI chip startup Groq for $20 billion, which would be its largest acquisition to date, further solidifying its dominance in chip manufacturing. Groq is known for developing the LPU (language processing unit), a chip claimed to run large language models (LLMs) ten times faster while using only one-tenth of the energy compared to current standards. Groq's CEO, Jonathan Ross, previously helped invent Google's TPU. This acquisition follows Groq's rapid growth, including a recent $750 million funding round at a $6.9 billion valuation, and its platform now reportedly powers AI apps for over 2 million developers.

(Source：TechCrunch)