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Nvidia · DOJ · New York · U.S. ·

It’s hard to argue that Nvidia didn’t strip the company for parts

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Tobias Mann.

Despite this, Nvidia contends the deal is a great American success story.

Key facts

Summary

Even if regulators did somehow unwind the $20B deal, there's a growing list of alternatives ready to take Groq's place, no merger required. Nvidia spent a whopping $20 billion late last year to license Groq’s AI accelerator tech and hire away key members of its engineering team in an everything-but-the-kitchen-sink deal. The acquihire technically left Groq’s core inference-as-a-service business intact, but was clearly architected in such a way as to fly under regulators' radar. This week, The New York Times reported that the US Department of Justice had launched an antitrust probe into the deal. It’s hard to argue that Nvidia didn’t strip the startup for parts.

Read full article at The Register →

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