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JUST IN: Nvidia acquires Groq for $20 billion
MORE: Nvidia is making its largest purchase ever, acquiring assets from nine year old chip startup Groq for about $20 billion.
Groq, which was valued at just under $7 billion in September, framed the deal as a “non-exclusive licensing agreement,” with its CEO and other senior leaders joining Nvidia.
"It's not an acquisition! Its just a full licensing deal for the company assets and the founder and rest of the executive team are leaving in exchange for $20 billion in all cash"

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