Nvidia · CNBC Technology
In December, Groq introduced it had entered into a licensing agreement with Nvidia for the firm's inference technology
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Groq said it would continue as an "independent company" and has raised around $1 billion since June, from investors including Nvidia.
Key facts
- Nvidia's $20 billion deal to acquire assets from Groq, an AI chip designer, "squeezed out" stockholders, a lawsuit brought by ex-engineers at the startup alleges
- Approximately 150 to 200 Groq engineers became Nvidia employees as part of the deal, according to the case
- Groq said it would continue as an "independent company" and has raised around $1 billion since June, from investors including Nvidia
- Joshua Rubin and Benjamin Serebrin alleged that the deal offered stockholders a "lowball" price, in documents filed on Oct. 2 at the Court of Chancery of the State of Delaware
Summary
Nvidia's $20 billion deal to acquire assets from Groq, an AI chip designer, "squeezed out" stockholders, a lawsuit brought by ex-engineers at the startup alleges. Joshua Rubin and Benjamin Serebrin alleged that the deal offered stockholders a "lowball" price, in documents filed on Oct. 2 at the Court of Chancery of the State of Delaware. Rubin and Serebrin both left Groq before its Nvidia deal was announced, per their LinkedIn profiles, but held stock in the company, per their lawsuit. In December, Groq announced it had entered into a licensing agreement with Nvidia for the company's inference technology.