Nvidia Is Reportedly Acquiring AI Chip Designer Groq’s Assets for $20 Billion

Nvidia is reportedly purchasing the artificial intelligence (AI) chip designer Groq’s assets. As per the report, the chipmaker is acquiring the AI inference technology assets for a price of $20 billion (roughly Rs. 1.79 lakh crore). The amount is nearly threefold of Groq’s recent valuation of $6.9 billion (roughly Rs. 61,986 crore), at which the company raised $75…