Post

Ed Zitron
@edzitron.com

The ai industry gets another win, by which I mean yet another ai company isn’t being sold for actual money and has to do some weird licensing deal. This will be sold as “avoiding regulation” but I think it’s so it can avoid actually owning these toxic assets while draining them of IP and talent

Techmeme@techmeme.com

Sources: Nvidia's licensing deal with Groq, which has raised ~$1.8B, includes payouts to Groq's key execs and investors, including BlackRock and Tiger Global (The Information) Main Link | Techmeme Permalink

56 reposts507 likes

busillis
@busillis.bsky.social

It's starting to feel like we're at the cashing-out stage of an investment bubble, where the people responsible for getting it up that big try to extract as much value out of it for themselves before the whole thing collapses and makes their stake in it worthless.

Ed Zitron
@edzitron.com

Profound loser energy behind this deal too, nobody is impressed or thought groq was worth that. Groq had to restate revenue a few months back. Wonder how Jensen Huang gets away with not sending cash? Earnings seem to suggest he didn’t even send $5bn to intel yet. Tick tock Jensen