In 2019, Jensen Huang’s Nvidia bought Israeli chip designer Mellanox for a little less than $7 billion, making hat its biggest acquisition at the time. Cut to now, the AI chipmaker has signed a $20 billion deal to buy assets from artificial intelligence startup Groq in an all-cash acquisition — its largest purchase to date, according to a CNBC report.
Under the deal, Nvidia will buy Groq’s every asset excluding its nascent Groq cloud business, which will continue to operate “without disruption”, the startup which makes AI accelerator chips said in a blog post, without giving the financial details of the transaction.
Disruptive CEO Alexis Davis, who led Groq’s latest financing round in September, told CNBC that the deal came together quickly.
(This is a developing story. Check back for updates)
