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.

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…