Nvidia makes its biggest purchase ever

According to CNBC, Nvidia has agreed to pay about $20 billion in cash for Groq, a specialist in AI accelerator chips used to power inference—the stage where trained AI models actually answer questions, generate text, or drive real-time applications. Alex Davis, CEO of investment firm Disruptive, which led Groq’s latest financing round, told CNBC that the deal came together quickly, months after Groq raised $750 million at a valuation of roughly $6.9 billion. Disruptive has invested more than $500 million ...