Dec 24 (Reuters) – Nvidia has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, CNBC reported on Wednesday. While the acquisition includes all of Groq's assets, its nascent Groq cloud business is not part of the transaction, the report said, citing Alex Davis, CEO of Disruptive, which led the startup's latest financing round. Groq is expected to alert its investors about the deal later in the day, CNBC reported. Nvidia and Groq did not immediately respond to Reuters request for comments. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shailesh Kuber)
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