Nvidia's "Aqui-Hire" of Groq Eliminates a Potential Competitor and Marks Its Entrance Into the Non-GPU, AI Inference Chip Space

On Friday, artificial intelligence (AI) chip start-up Groq announced via a very brief press release that it "has entered into a non-exclusive licensing agreement with Nvidia (NASDAQ: NVDA) for Groq's inference technology."The deal also includes Jonathan Ross, Groq's founder and CEO, Sunny Madra, Groq's president, and other members of the Groq team joining Nvidia to "help advance and scale the licensed technology." This was a smart move by Nvidia, in my view. Nvidia has tons of cash, and it makes sense to use it to accomplish two goals at once: eliminate a potential competitor and obtain a new chip technology to offer its customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool