Nvidia Reportedly Acquiring AI Chip Startup Groq for $20 Billion

Nvidia Reportedly Acquiring AI Chip Startup Groq for $20 Billion

According to Last Week in AI #330, Nvidia is buying AI chip startup Groq’s assets for approximately $20 billion, which would mark the largest deal on record in this space. The report indicates this represents a significant consolidation move in the AI hardware market.

Groq has gained attention for its specialized AI inference chips designed to deliver high-performance language model processing. The acquisition would bring Groq’s technology and assets under Nvidia’s control, further strengthening the chip giant’s position in the AI hardware sector.

In other news highlighted in the report, OpenAI has opened ChatGPT to third-party applications through its Platform, allowing external developers to integrate ChatGPT functionality into their own applications. This move expands the accessibility and potential use cases for OpenAI’s flagship conversational AI technology.

The publication also references a “US AI Genesis Mission,” though specific details about this initiative were not provided in the available source material.

Source: Last Week in AI #330