The price tag is around $20 billion, equivalent to just under 200 billion kronor, according to Alex Davis, CEO of the investment company Disruptive, which is one of Groq's largest investors.
Founded by former Google engineers in 2016, Groq designs advanced AI chips.
The company was valued at $6.9 billion in an investor round three months ago.
If the deal goes through, it will be Nvidia's largest purchase to date, compared to the acquisition of Israeli Mellanox for $7 billion in 2019.
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