Nvidia to buy AI chip startup Groq for $20 billion

CNBC reports

Groq is a chip startup founded by Jonathan Ross and specializes in producing AI inference ?chips designed to optimize pre-trained models.

The ‌company more than doubled its valuation to $6.9 billion, from $2.8 billion in August last year, following a $750 million funding round in September.

A deal for the reported amount ?would mark the largest ?acquisition by Nvidia following ?its $6.9 billion deal for Mellanox Technologies.