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Tech Acquisition

All articles tagged with #tech acquisition

Nvidia's $20 Billion Groq Deal Sparks Market Buzz and Risks

Originally Published 17 days ago — by Barron's

Nvidia's purchase of a license from AI chip startup Groq is a strategic move to strengthen its position in AI inference hardware, signaling a shift towards specialized chips for running AI models. While it may threaten Nvidia's high gross margins, the deal aims to preempt competitive threats and adapt to the growing demand for inference chips, similar to Facebook's acquisition of Instagram to secure its social media dominance.

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Alexandr Wang's Rise and Meta's Strategic AI Moves

Originally Published 6 months ago — by Financial Times

Meta has invested over $14 billion to acquire a significant stake in Scale AI and hire its young CEO, Alexandr Wang, aiming to boost its AI capabilities and attract top talent amid stiff competition from rivals like OpenAI and Google. Wang, a highly connected operator with a strong network in Silicon Valley and beyond, is seen as a key figure in Meta's strategy to catch up in the AI race, though questions remain about his technical expertise and the company's future prospects.

business business ai-talent alexandr-wang business meta scale-ai tech-acquisition