Senators Probe Nvidia's Groq Deal

0:00Here's more hard for news for March 21st. Two Democratic Senators, Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut, are investigating Nvidia's $20 billion, licensing deal with AI startup Groc. They worry its sidesteps anti-trust reviews and strengthens Nvidia's grip on the AI chip market. The Senators sent a letter Thursday night to Nvidia's CEO, Jensen Huang, requesting details on the deal's terms and structure. Signed late last year, the agreement gives Nvidia access to Groc's tech without a full takeover. Nvidia insists it did not buy Groc, which stays independent with its cloud operations intact. Instead, the company licensed Groc's intellectual property on a non-exclusive basis and hired key engineers and executives, including Groc's former CEO. This comes amid broader concerns over Nvidia's dominance in training AI models, while Groc focuses on inference tasks with more rivals. Other tech giants like Amazon, Microsoft, and Google have made similar talent in licensing

1:04packs to dodge reviews and the Federal Trade Commission, is now eyeing these arrangements closely. At Nvidia's recent annual conference, CEO Huang revealed plans to weave Groc's technology into a new AI platform, raising questions about competition. As the pro-bunfolds...