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Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives
Yahoo Finance· 2025-12-24 21:06
By Stephen Nellis Dec 24 (Reuters) - Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet's Google, Groq said in a blog post on Wednesday. The deal follows a familiar pattern in recent years where the world's biggest technology firms pay large sums in deals with promising startups to take their technology and talent but stop short of formally acquiring the target. Groq specializes in what is known as inference, where artificial intelligence model ...