While terms were not disclosed, many criticized the deal for leaving employees out in the cold.
Groq’s founder and CEO, Jonathan Ross, along with top engineering staff, will join Nvidia. The startup was valued at $6.9 billion in its latest funding round three months ago and will continue to operate independently, albeit without its key leadership team.
Twas the night before XmasWhen all through the houseGroq employeee were cryingFrom being left out
Here’s why it’s unsettling to some: For decades in Silicon Valley, early employees have worked grueling hours and accepted lower salaries in the hope that they will share in the riches should their startup eventually get acquired or go public.
Now, traditional acquisitions have become rarer because of the time and uncertainty of getting regulatory approval. As a result, companies like Nvidia have been getting creative, using licensing deals to skirt regulators and snap up key talent quickly.
The deal sounded familiar to many closely following the tech industry. After all, the past two years saw a spate of similar AI deals, and the tech industry will likely see more next year.
so groq got windsurfed?is this the new way to “acquire” without acquiring the company?