Nvidia is entering into a non-exclusive licensing agreement with Groq for AI inference technology, reportedly paying $20 billion for the deal.

Groq’s founder and CEO, Jonathan Ross, known for creating Google’s TPU, will join Nvidia along with other Groq personnel.

The deal size was not disclosed, but if accurate at $20 billion, it would be Nvidia’s largest deal to date, representing a premium over Groq’s valuation.

Groq’s chip technology focuses on AI inferencing, aiming to compete with Nvidia’s GPUs and other offerings in the market.

Investors should consider the implications of Nvidia’s strategic move and potential impact on the AI chip market, as the company aims to eliminate competition and expand its technological offerings.

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Read more at Nasdaq: Nvidia’s “Aqui-Hire” of Groq Eliminates a Potential Competitor and Marks Its Entrance Into the Non-GPU, AI Inference Chip Space