Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives

Nvidia has agreed to license chip technology from startup Groq ⁠and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday.

The deal follows a familiar pattern in recent years where the world’s biggest technology firms pay large sums in deals with promising startups to take their technology and talent but stop short of formally acquiring ‌the target.