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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

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

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