Nvidia’s $20 Billion Groq Deal Queried by Warren, Blumenthal

Nvidia Corp.’s $20 billion licensing deal with artificial intelligence startup Groq is being probed by a pair of Democratic senators over whether it violates antitrust laws by improperly avoiding a merger review and illegally consolidating its power in the market for AI computing.

Senators Elizabeth Warren from Massachusetts and Richard Blumenthal of Connecticut sent Nvidia Chief Executive Officer Jensen Huang a letter on Thursday night, asking for additional information on the deal, which they said appeared to have been structured “to evade scrutiny by antitrust regulators.”

…

Read the full story here.

• Print
• Email
• Tweet