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Nvidia’s $20 Billion Groq Deal Is ‘Stunning’ Power Play
If you can't beat 'em -- or suspect they might pose a challenge at some indeterminate future date --
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In addition, it looks like the succession plan to Jensen Huang, as CEO, just got a little more clarity. Always good to have someone really capable to hand over the reins to. Given that Jensen Huang’s share of Nvidia is worth $165B, paying $20B to secure stewardship for that wealth doesn’t seem unreasonable. Now there will be plenty of time to get Jonathan up to speed on “all things Nvidia”.
In the future, when the machines are doing all the work, and humans have nothing left to do, Groq will give us some Grog.
I have been expecting Apple–with that mountain of money it is sitting on–to make a similar kind of move for some time now. I can now envisage a WWE Battle Royale/”Beyond Thunderdome” type scenario where some twenty AI combatants enter the cage and only a handful manage to survive. It is all very 1990s.
Or wait until this initial stage of leverage collapses under its own weight and buy up some assets at nickels on the dollar. Why nickels? Because inflation…and we don’t make pennies anymore.
Apple’s strategy here has been maddeningly slow to reveal itself. There’s a lot of speculation as to why but my best guess is that — keeping it simple — Tim Cook is a finance guy and he’s playing the long game. Apple’s “privacy first” model makes monetizing early AI difficult. And overpaying for IP would make it even more so.
Siri was below Apple’s standards for most of her product life. I’m hoping they’re taking their time and the replacement will actually be worth the wait.
If one wishes to know what Siri’s replacement is like, you can discuss it with your Model Y on your next trip to the grocery store.
If a company, or any of its assets, is not technically acquired then are there any regulatory requirements?
That was exactly my question when I finished reading this.