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Towards the close of 2024, NVIDIA made a substantial $20 billion investment in the AI chip startup Groq, marking its largest investment to date. This transaction was executed via a combination of technology licensing and talent acquisition. Through this deal, NVIDIA secured the intellectual property rights and associated assets pertaining to Groq's core AI inference technology. Subsequently, the founder and the core team members of Groq became part of NVIDIA's workforce, while Groq's cloud service arm, GroqCloud, maintained its independent operational status. NVIDIA's strategic move is designed to stifle potential rivals, expedite the rollout of AI solutions, and safeguard the technology from falling into the hands of competing firms. Nevertheless, this development has sparked apprehensions within the industry regarding the growing concentration of power in the AI sector.
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