Nvidia(US:NVDA) 创业邦·2025-12-26 09:06Core Viewpoint - The article discusses a new paradigm for technology giants to acquire technology and talent through "licensing + talent acquisition" instead of direct acquisitions, in response to increasing regulatory scrutiny [2][15]. Group 1: Nvidia and Groq Partnership - Nvidia has entered into a significant partnership with AI chip startup Groq, involving a $20 billion non-exclusive licensing agreement to utilize Groq's inference technology [2][15]. - Groq will continue to operate as an independent entity, with its CEO Simon Edwards leading the company, while key personnel including founder Jonathan Ross will join Nvidia [3][5]. - This partnership is part of a trend in Silicon Valley known as "Acqui-hire 2.0," which focuses on technology asset transfer and talent onboarding without equity acquisition, thereby avoiding antitrust scrutiny [3][15]. Group 2: Groq's Technology and Market Position - Groq's LPU chip, designed for large language models, boasts inference performance that is 10 to 100 times better than conventional GPUs and TPUs, posing a significant threat to Nvidia's GPU dominance [5][13]. - The integration of Groq's technology is expected to enhance Nvidia's capabilities in AI inference, particularly in applications like autonomous driving and high-frequency trading [13][16]. Group 3: Market Trends and Competitive Landscape - The global AI inference chip market is projected to reach three times the size of the training market by 2025, indicating a shift in focus within the AI industry from training to inference [16]. - Nvidia currently holds a 90% market share in AI training chips but faces increasing competition in the inference space from companies like Google, Meta, and various startups [16]. - Other tech giants, including Meta and AMD, are also pursuing similar strategies to acquire AI chip startups, reflecting a broader trend in the industry [15][17]. Group 4: Chinese Counterparts - Chinese companies are mirroring the trends seen in the U.S. AI chip market, with firms like Zhonghao Xinying and others developing technologies comparable to those of their American counterparts [19][20]. - Zhonghao Xinying recently completed a significant acquisition of Tianpu Co., with a total investment exceeding 2.1 billion yuan, highlighting the growing interest in AI chip technology within China [23][24].