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Nvidia Buying Groq's Assets For $20 Billion in Its Largest Deal on Record (cnbc.com) 9

Posted by msmash from the all-the-money-in-the-world dept.
Nvidia has agreed to buy assets from Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive, which led the startup's latest financing round in September. From a report: Davis, whose firm has invested more than half a billion dollars in Groq since the company was founded in 2016, said the deal came together quickly.

Groq raised $750 million at a valuation of about $6.9 billion three months ago. Investors in the round included Blackrock and Neuberger Berman, as well as Samsung, Cisco, Altimeter and 1789 Capital, where Donald Trump Jr. is a partner. Groq said in a blog post on Wednesday that it's "entered into a non-exclusive licensing agreement with Nvidia for Groq's inference technology," without disclosing a price. With the deal, Groq founder and CEO Jonathan Ross along with Sunny Madra, the company's president, and other senior leaders "will join Nvidia to help advance and scale the licensed technology," the post said.
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Nvidia Buying Groq's Assets For $20 Billion in Its Largest Deal on Record More

Nvidia Buying Groq's Assets For $20 Billion in Its Largest Deal on Record

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  • Seems like something the FTC should nix.

    • Re: (Score:2)

      by ffkom ( 3519199 )
      Despite the surprisingly large valuation, that "Groq" company does not quality as relevant enough for triggering anti-trust activity, IMHO. And if Google had wanted their technology, they could just have treated the founders of Groq more favorably while they worked at Google.
    • They're not buying the company, they're buying the chips (and the talent). They've successfully loopholed the fuck out of this thing IMHO.

  • If you walk through the links you'll find this article about Nvidia [cnbc.com] having "$60.6 billion in cash and short-term investments" and I sure wish they would break that down. What percentage of that is actually just parked in some type of accounts? And what kind?

    • "$60.6 billion in cash and short-term investments" and I sure wish they would break that down.

      It's either cash or something that is readily converted to cash. What is it you're looking for?

      • If a large chunk of that $20B is stock ... Groq might do well to unload a chunk before the LLM bubble pops. (Again, I keep saying it, we don't have AI and we don't have a path to it... just LLMs for now). Exact timing may not be "immediately", but...

  • Shit, that Groq stuff looks sweet. Would have been cool if Apple bought them. The interconnect alone.. though they have their own 1:1 ultra chip interconnect it doesn't go to 100s of chips as far as I can see.

    • Why can't Apple design their own inference chips? I mean, is there a shortage of chip design talent at Apple?
       
      Because if so just.. whatever.
       
      Apple is supposed to be a hardware company, but maybe they morphed into an extortionist app store when nobody was paying attention.

  • Price of DC = 1B
    Price of getting DC with power delivery setup = 20B

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