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

Group 1 - Nvidia is acquiring AI chip startup Groq for $20 billion, marking its largest acquisition to date, which will enhance Nvidia's dominance in chip manufacturing [1] - Groq specializes in a new type of chip called a language processing unit (LPU), which claims to run large language models (LLMs) at 10 times the speed and with one-tenth the energy consumption compared to existing solutions [2] - Groq recently raised $750 million at a valuation of $6.9 billion, experiencing rapid growth by powering AI applications for over 2 million developers, a significant increase from approximately 356,000 developers last year [3]