Nvidia has agreed to license chip technology from startup Groq and hire its CEO, a Google veteran. Groq specializes in AI inference, where Nvidia faces competition. The deal is non-exclusive, with key Groq members joining Nvidia. Financial details were not disclosed, but Groq’s valuation doubled to $6.9 billion last year.

Recent tech deals involve big firms paying startups for technology and talent without full acquisition. Microsoft, Meta, Amazon have made similar moves. Nvidia’s deal with Groq raises antitrust concerns, but a non-exclusive license may mitigate. Nvidia CEO’s strong ties with the Trump administration are noted by analysts.

Groq’s valuation surged to $6.9 billion from $2.8 billion in a year due to a $750 million funding round. Groq, like other startups, uses on-chip memory instead of external memory chips, boosting AI model interactions but limiting model size. The approach has potential benefits in the global chip industry.

Read more at Yahoo Finance: Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives