Nvidia is acquiring rival AI chip company Groq for $20 billion, the report says

Nvidia has acquired AI chip startup Groq for $20 billion, according to a report from Nvidia. CNBC. The purchase is expected to be Nvidia’s largest ever, and with Groq by its side, Nvidia is poised to become even more dominant in chip manufacturing.

As technology companies compete to grow their artificial intelligence capabilities, they need computing power, and Nvidia’s graphics processing units have emerged as the industry standard. But Groq was working on a different type of chip called an LPU (language processing unit), which is what it stands for He claimed he could run LLMs 10 times faster and using one-tenth the power. Jonathan Ross, CEO of Groq, is famous for this kind of innovation – when he was working at Google, he helped invent TPU (Tensor Processing Unit), dedicated AI accelerator chip.

In September, your puppy It raised $750 million With a value of $6.9 billion. Its growth has been rapid and significant — the company said it supports AI applications for more than 2 million developers, up from about 356,000 last year.

TechCrunch has reached out to Nvidia for comment.