Nvidia Buying Groq’s Assets For $20 Billion in Its Largest Deal on Record

Nvidia has agreed to buy assets from Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive, which led the startup’s latest financing round in September. From a report: Davis, whose firm has invested more than half a billion dollars in Groq since the company was founded in 2016, said the deal came together quickly.

Groq raised $750 million at a valuation of about $6.9 billion three…