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Disruptive has invested more than $500 million in Groq since the company's establishment in 2016 and took part in the funding round in September, which garnered $750 million and valued Groq at around $6.9 billion.
Davis states that Nvidia will take over all of Groq's assets, excluding its cloud division.
According to CNBC, the deal might be Nvidia's biggest one to date.
Groq revealed on Wednesday that it had signed a non-exclusive licensing agreement with Nvidia, allowing Nvidia to utilize the startup's technology. According to the agreement, Groq founder Jonathan Ross, president Sunny Madra, and additional startup staff will become part of the Nvidia team and help the company in enhancing and expanding the licensed technologies. The specific financial terms of the agreement were not revealed.
The statement mentioned that Groq will keep functioning as a separate entity.
source: cnbc.com
Davis states that Nvidia will take over all of Groq's assets, excluding its cloud division.
According to CNBC, the deal might be Nvidia's biggest one to date.
Groq revealed on Wednesday that it had signed a non-exclusive licensing agreement with Nvidia, allowing Nvidia to utilize the startup's technology. According to the agreement, Groq founder Jonathan Ross, president Sunny Madra, and additional startup staff will become part of the Nvidia team and help the company in enhancing and expanding the licensed technologies. The specific financial terms of the agreement were not revealed.
The statement mentioned that Groq will keep functioning as a separate entity.
source: cnbc.com