NVIDIA plans to acquire Groq's assets for $20 billion and stated that it is not acquiring the entire Groq company

According to CNBC, Nvidia has agreed to acquire all assets of AI chip startup Groq for approximately $20 billion in cash (excluding its GroqCloud business), marking its largest acquisition to date.

Groq was founded by a developer of Google's TPU core and focuses on low-latency AI inference chips. Although Groq claims that the agreement with Nvidia is a "non-exclusive technology licensing agreement," its founder and CEO Jonathan Ross and the executive team will join Nvidia, with Groq's CFO Simon Edwards taking on the role of new CEO and continuing to operate independently. Nvidia emphasized that it did not acquire Groq as a whole but is integrating its low-latency processor architecture into its AI platform.