Alex Davis, CEO of Disruptive, which led the latest financing round for Groq, says Nvidia (NVDA) has agreed to buy assets from the designer of high-performance artificial intelligence accelerator chips for $20B in cash, reported CNBC’s David Faber. Groq confirmed in a blog post that it’s “entered into a non-exclusive licensing agreement with Nvidia for Groq’s inference technology,” without disclosing a price, adding that Groq will continue as an “independent company,” led by finance chief Simon Edwards as CEO. Davis told CNBC that Nvidia is getting all of Groq’s assets, though its nascent Groq cloud business is not part of the transaction. Nvidia CFO Colette Kress declined comment on the transaction, CNBC noted.
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