Mackenzie Sigalos (Business News Reporter) 00:00.190
saddam nvidia paying twenty billion to license crocs technology and hire its top executives that's nearly three X its most recent valuation from just three months ago now crock it makes chips purpose built for inference running AI models faster and cheaper than gpus its founder
Mackenzie Sigalos (Business News Reporter) 00:16.790
jonathan ross helped create google 's tpu which has become one of nvidia 's most credible competitive threats and now he is joining nvidia instead now the trip startup wasn't looking to sell nvidia approached them the CEO president and your leaders are all going over though grok
Mackenzie Sigalos (Business News Reporter) 00:32.750
cloud will keep operating independently it's another aqua hire structure to avoid regulatory review the same playbook nvidia used with nfabrika in september and that meta google and microsoft have used to scoop up AI talent now grok reportedly slashed its twenty twenty five
Mackenzie Sigalos (Business News Reporter) 00:48.910
revenue projections by seventy five percent earlier this year so nvidia it is paying a premium for a company struggling to hit its targets but it has sixty billion dollars in cash to deploy and this deal locks up the mines who built both grox inference technology and google 's
Mackenzie Sigalos (Business News Reporter) 01:04.550
AI chip while keeping it away from broadcom and AMD