Google vs Nvidia: Chipmaker buys Groq for $20B; reason is $250B hit in market value

Nvidia has reportedly acquired AI chip startup Groq for $20 billion, a move seen as a defensive strategy against the growing preference for custom silicon like Google's TPUs. This acquisition aims to address cost efficiency and demand for higher processing speeds, complementing Nvidia's GPUs with Groq's LPU technology for AI inference.