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Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives
Dec 24 (Reuters) – 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 […]
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 (Reuters) – Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle to […]
IBM to buy Confluent in $11B deal to boost AI strategy
IBM said Monday it’s buying data streaming platform Confluent in a deal worth $11 billion that will help bolster the technology company’s artificial intelligence strategy. The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.’s issued and outstanding common stock for $31 per share in cash, which represents […]
