Just to be clear this isn’t Grok AI (chatbot) from Twitter. This is a different AI related company.
clckwrxz on
Yay, more consolidation… How long before they acquire Cerebras?
SexysReddit on
Just a small little $20bn startup
kokrec on
Bubble only getting bigger. Next year, we will hear the first reports of companies who went full on AI „We were hasty“, then people will realise fundamental issues with AI, which isn’t actually intelligent, but an algorithm that can answer and not just present info, you habe to think. At work, we’re encouraged to use AI for daily tasks and checks. First everybody was positively surprised, until some had to check their previous data gathered by AI, by hand. Thanks to hallucinations. Congrats.
AlanzAlda on
Gotta buy out and shut down the competition before they can eat into the bottom line, it’s the American way!
IntolerantModerate on
Fuck yeah! I’m on the cap table bitches.
thatsjor on
This is fine, groq has gotten decreasingly competitive in regard to pricing and their model lineup is far too prone to change for me to take them seriously.
Maybe Nvidia will make their service worthwhile…. Or they’re just trying to make LPU’s disappear
Skeet_fighter on
I’m sure all these gigantic sums of money changing hands buying nothing that makes products that don’t actually make any money are going to be a net positive for the economy.
rrrx3 on
This is significant.
Plastic_Solution8085 on
Is this the company Scamath has a large stake in?
BayouBait on
A 40x multiple on 500M in ARR. Nvidia will have to double the price of Groqs products to make that a profitable acquisition.
tc100292 on
Is money even real at this point?
nakwada on
It feels like a company buying another for ungodly sums is becoming a daily occurence these days.
davecrist on
This is a pretty big deal
SaphirRose on
God forbid competition.. Hey FTC are you staffed by termites? No, they at least work…
TinyH1ppo on
Surely this is not monopolistic and just synergistic.
Disgruntled-Cacti on
Wow gee I really am glad that anti trust law is dead
RealLavender on
The beginning of Weyland-Yutani
Thisbymaster on
I need to make an empty startup so I can be bought out.
Psychostickusername on
And the circle jerk continues, where will it stop, nobody knows.
kiyomoris on
The only thing that’s worth $20 billion in this world is my mom.
nicidob on
Consolidation is only good for NVIDIA shareholders. Buying out the competition leads to stagnation in development, bad deals for consumers, and happy fat cats at the top. So much for anti-trust laws and the FTC.
AvoidingIowa on
So a company that was valued at 7b just months ago with nothing happening since was bought out partially for 20b. That doesn’t sound like bubble spending at all.
agentzappo on
It’s not an acquisition, it’s an “acquihire.” Nvidia gets a license to the tech and hires the founders, leaving behind everyone else
turb0_encapsulator on
it sounds like they are buying the founders for any insights they may have about Tensor
IngwiePhoenix on
Om, nom, nom.
The hyperconsolidation must continue…
Fun stuff alright. They were interesting. … Were.
So… how safe is TensTorrent? I really like those guys.
Dry-Interaction-1246 on
Why allowed?
Huwbacca on
AI succeeds.. we all lose our jobs and Jensen Huang gets rich.
AI fails… we all lose our jobs and Jensen Huang gets rich.
Fuck this bullshit lol. Fuck all the faux „it’s inevitable“ nonsense and the idea that because a handful of people who are not particularly clever, compassionate, or grounded demand we hasten our falling life quality to make no meaningful difference to their lives.
ocassionallyaduck on
Antitrust anybody?
YoDeYo777 on
Not an acquisition according to groq on X. Read people
oonair on
Chamath & gang sway trump admin to sell H200 to EVERYBODY ==> Jensen & NVIDIA gang happy ==> NVIDIA high ball Groq ==> Major investors of Groq (Chamath & gang) 20x of their investments. What’s not to like FREE MARKET!
MrTwoPumpChump on
Do they have larger acquisitions off record?
giga888 on
Was this announced during after hours or once it ended? I don’t see any spike in price so I assume it was after
chunckybydesign on
This shouldn’t be allowed right? Like this is eliminating competition and innovation, right?
chazthomas on
Nvidia going the Cisco Borg way
SenKats on
Was it bought? Or „bought“ (with fictional money yet to exist like every other AI transaction)?
Terminate-wealth on
I hope this bubble pops and nvidia goes out of business. They should have never stabbed their customers in the back and sold out to AI.
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38 Kommentare
Bubble money , Bubble AI .
Just to be clear this isn’t Grok AI (chatbot) from Twitter. This is a different AI related company.
Yay, more consolidation… How long before they acquire Cerebras?
Just a small little $20bn startup
Bubble only getting bigger. Next year, we will hear the first reports of companies who went full on AI „We were hasty“, then people will realise fundamental issues with AI, which isn’t actually intelligent, but an algorithm that can answer and not just present info, you habe to think. At work, we’re encouraged to use AI for daily tasks and checks. First everybody was positively surprised, until some had to check their previous data gathered by AI, by hand. Thanks to hallucinations. Congrats.
Gotta buy out and shut down the competition before they can eat into the bottom line, it’s the American way!
Fuck yeah! I’m on the cap table bitches.
This is fine, groq has gotten decreasingly competitive in regard to pricing and their model lineup is far too prone to change for me to take them seriously.
Maybe Nvidia will make their service worthwhile…. Or they’re just trying to make LPU’s disappear
I’m sure all these gigantic sums of money changing hands buying nothing that makes products that don’t actually make any money are going to be a net positive for the economy.
This is significant.
Is this the company Scamath has a large stake in?
A 40x multiple on 500M in ARR. Nvidia will have to double the price of Groqs products to make that a profitable acquisition.
Is money even real at this point?
It feels like a company buying another for ungodly sums is becoming a daily occurence these days.
This is a pretty big deal
God forbid competition.. Hey FTC are you staffed by termites? No, they at least work…
Surely this is not monopolistic and just synergistic.
Wow gee I really am glad that anti trust law is dead
The beginning of Weyland-Yutani
I need to make an empty startup so I can be bought out.
And the circle jerk continues, where will it stop, nobody knows.
The only thing that’s worth $20 billion in this world is my mom.
Consolidation is only good for NVIDIA shareholders. Buying out the competition leads to stagnation in development, bad deals for consumers, and happy fat cats at the top. So much for anti-trust laws and the FTC.
So a company that was valued at 7b just months ago with nothing happening since was bought out partially for 20b. That doesn’t sound like bubble spending at all.
It’s not an acquisition, it’s an “acquihire.” Nvidia gets a license to the tech and hires the founders, leaving behind everyone else
it sounds like they are buying the founders for any insights they may have about Tensor
Om, nom, nom.
The hyperconsolidation must continue…
Fun stuff alright. They were interesting. … Were.
So… how safe is TensTorrent? I really like those guys.
Why allowed?
AI succeeds.. we all lose our jobs and Jensen Huang gets rich.
AI fails… we all lose our jobs and Jensen Huang gets rich.
Fuck this bullshit lol. Fuck all the faux „it’s inevitable“ nonsense and the idea that because a handful of people who are not particularly clever, compassionate, or grounded demand we hasten our falling life quality to make no meaningful difference to their lives.
Antitrust anybody?
Not an acquisition according to groq on X. Read people
Chamath & gang sway trump admin to sell H200 to EVERYBODY ==> Jensen & NVIDIA gang happy ==> NVIDIA high ball Groq ==> Major investors of Groq (Chamath & gang) 20x of their investments. What’s not to like FREE MARKET!
Do they have larger acquisitions off record?
Was this announced during after hours or once it ended? I don’t see any spike in price so I assume it was after
This shouldn’t be allowed right? Like this is eliminating competition and innovation, right?
Nvidia going the Cisco Borg way
Was it bought? Or „bought“ (with fictional money yet to exist like every other AI transaction)?
I hope this bubble pops and nvidia goes out of business. They should have never stabbed their customers in the back and sold out to AI.