SAN FRANCISCO, California: Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday, as the artificial intelligence giant expands its tech empire. Chip maker Groq said the departure of its top executives was part of a non-exclusive licensing agreement with Nvidia for its inference technology, as both companies seek to expand access to low-cost AI processing. Under the agreement, Groq founder Jonathan Ross and president Sunny Madra, along with other team members, will join Nvidia to help develop and scale the Groq’s technology.

Nvidia is making its largest purchase ever, acquiring nine-year-old chip startup Groq for about $20 billion.

SAN FRANCISCO, California: Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday, as the artificial intelligence giant expands its tech…

La compañía cierra un acuerdo de licencias valorado en 20.000 millones de dólares

Groq's description of its Nvidia deal as a "non-exclusive licensing agreement" mimics other recent big AI transactions orchestrated by U.S. tech giants.