Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nvidia to buy assets from Groq for $20B cash

cnbc.com

Post reply on HN
Print view View original

331–340 of 424 posts

Re: Nvidia to buy assets from Groq for $20B cash

#331

Post by kroaton »

highmastdon wrote: post #292
Imustaskforhelp wrote: post #180

Earlier quoted context omitted.

Honestly cerebras is good. I can recommend it. I talked to their team once on discord as a literal free user so that was something really nice personally They were also the faster one compared to groq but they were always a little slow on adding new models compared to groq but not sure what changed right now. Definitely recommend cerebras tho now that groq's been eaten up from inside basically

I had the feeling that Cerebras only supports smaller modes. Maybe something to do with their hardware arch? I never dove into it. I wanted to use Kimi K2 fast for coding and Groq was the only fast provider at the time

Cerebras currently has GLM4.6 on it, and will be getting GLM4.7 soon.

Re: Nvidia to buy assets from Groq for $20B cash

#332

Post by crote »

tormeh wrote: post #320
moogly wrote: post #288

Earlier quoted context omitted.

Destroying things and outsourcing to already-built prisons is easy. Building things is not. All they have is a demolition site. There's no final design. Trump keeps changing his vision of his mausoleum. They don't have an architect since the previous one quit. They have less than a week to submit construction plans[1], and they're clearly missing that deadline. It is of course not the end, but it's a sign of things t…

Are you sure this is how he'll be remembered? Half the US thought him preferable to AOC and Hillary Clinton. It's hard to conclude in any other way than that the perception of his legacy will be equally divided.

Most of his actions are, to the majority of the population, merely transient actions. A few letters on an arts center are trivial to remove, a cancelled wind turbine farm easy to forget. The CECOT stuff deeply impacts only a small part of the population, so it'll at most be a few lines in a history book.

But demolishing a third of the White House? That'll be clearly visible in every single aerial shot of the building during every single political event for years. It is, quite literally, a scar on the political face of the country.

It's like turning the Pentagon into a Square, or blowing Washington's face off Mount Rushmore, or selling Alaska back to Russia: you're not going to forget when you are constantly being reminded of it.

Re: Nvidia to buy assets from Groq for $20B cash

#333

Post by HPsquared »

PunchyHamster wrote: post #308
impulser_ wrote: post #97

Are they buying them to try and slow down open source models and protect the massive amounts of money they make from OpenAI, Anthropic, Meta ect? It quite obvious that open source models are catching up to closed source models very fast they about 3-4 months behind right now, and yeah they are trained on Nvidia chips, but as the open source models become more usable, and closer to closed source models they will eat i…

You still need hardware to run open source models. It might eat into OpenAI profit but I doubt it will eat into NVIDIA's If anything more companies in making models business the higher NVIDIA chip demand will be, till we get some proper competition at least. We badly need some open CUDA equivalent so moving off to competition isn't a problem

Nvidia's dream would be for everyone to buy a personal DGX H100 for private local inference. That's where open source could lead. Datacenters are much more efficient in their use of chips.

Re: Nvidia to buy assets from Groq for $20B cash

#334

Post by oblio »

sigmoid10 wrote: post #313
jbkkd wrote: post #271

Earlier quoted context omitted.

I have a friend who worked in a company that got "not acquired" in a similar deal. She didn't see a dime out of it, and was let off (together with a big chunk of people) within 6 months.

As this gets more common, I think it will eventually lead to startups having a hard time attracting talent with lucrative equity compensation. It will be interesting to see how long it takes until this catches on among employees, but I already wouldn't take any positions in startups with a significant payment in equity anymore. The chances are slim that this pays out anyways, but now even when you are successful, noo…

With the job market being in the state it is in, there will always be people wanting to take their chances.

Let's face it and accept that the golden days of people working in tech startup (and soon large companies) are over.

RIP 1980 - 2023.

Re: Nvidia to buy assets from Groq for $20B cash

#335

Post by chaostheory »

gchadwick wrote: post #72
nickysielicki wrote: post #34

Groq press release: https://groq.com/newsroom/groq-and-nvidia-enter-non-exclusiv... > Today, Groq announced that it has entered into a non-exclusive licensing agreement with Nvidia for Groq’s inference technology. The agreement reflects a shared focus on expanding access to high-performance, low cost inference. > As part of this agreement, Jonathan Ross, Groq’s Founder, Sunny Madra, Groq’s President, and other member…

Another example of the growing trend of buying out key parts of a company to avoid any actual acquisition? I wonder if equity holding employees get anything from the deal or indeed if all the investors will be seeing a return from this?

Is it related to the FTC’s “anti-monopoly” stance with Khan? It’s continue under the Trump admin since her successor supposedly approved of her work

Re: Nvidia to buy assets from Groq for $20B cash

#336

Post by porridgeraisin »

lerchmo wrote: post #170
cavisne wrote: post #153

Earlier quoted context omitted.

I would assume this is a very well paid position, and with basically nothing to do.

I would assume he is a fiduciary... I am curious what happens with investors here?

Probably nvidia will keep investing in random rounds groq will continue to raise.

Re: Nvidia to buy assets from Groq for $20B cash

#337

Post by zipy124 »

nabla9 wrote: post #155
yousif_123123 wrote: post #115

Not good. This shouldn't be allowed. What would be better is if groq and cerebras combined, and maybe other companies invested in them to help them scale. Why would the major cloud providers not lobby against this? Usually antitrust is for consumers, but here I think companies like Microsoft and AWS would be the biggest beneficiaries of having more AI chip competition.

It's a non-exclusive deal. No reason for antitrust action whatsoever.

Non exclusive deal but also acquiring a lot of the staff, which seems pretty exclusive in that term.

Re: Nvidia to buy assets from Groq for $20B cash

#338

Post by zipy124 »

sigmoid10 wrote: post #313
jbkkd wrote: post #271

Earlier quoted context omitted.

I have a friend who worked in a company that got "not acquired" in a similar deal. She didn't see a dime out of it, and was let off (together with a big chunk of people) within 6 months.

As this gets more common, I think it will eventually lead to startups having a hard time attracting talent with lucrative equity compensation. It will be interesting to see how long it takes until this catches on among employees, but I already wouldn't take any positions in startups with a significant payment in equity anymore. The chances are slim that this pays out anyways, but now even when you are successful, noo…

It's already happening. You need a good lawyer to read equity terms to make sure you aren't going to get rug pulled by a founder later on. Even so I still consider equity to generally be worth zero unless the founder is someone I trust fully, since there are so many ways for them to legally not give you anything.

Re: Nvidia to buy assets from Groq for $20B cash

#339

Post by sam_goody »

Daviey wrote: post #119

I got curious about how many wheelbarrows of cash $20bn actually is. Two ways to think about it: weight vs volume. By weight (assuming all $100 bills): $20,000,000,000 / $100 = 200,000,000 bills Each bill is roughly 1g, so total mass is ~200,000 kg A typical builder’s wheelbarrow can take about 100 kg before it becomes unmanageable 200,000 kg total / 100 kg per wheelbarrow ≈ 2,000 wheelbarrows (weight limit) By volum…

A better way to think of it is: If you got a dollar a second for the next 63 years, you still would not have gotten $2B.

Re: Nvidia to buy assets from Groq for $20B cash

#340

Post by tgma »

crote wrote: post #330
petcat wrote: post #306

Earlier quoted context omitted.

do they make a salary

Startups often pay a shitty salary in exchange for a decent chunk of stock options, with the implicit promise that you'll make bank if you work hard and make the company successful. Getting screwed out of your payout by such a totally-not-an-acquisition is wage theft. It's like promising a sales-related bonus at the beginning of the year, and then in December changing the metric to "AI-related sales to the CEO's golf…

The implicit promise is only partially true. Very rarely you can find a proven talent that will actually forego significant salary. Often time when that happens the person is close to founders and will have a significant role in shaping the startup and will get quasi-acquired too.

This promise may have been more true before 2010s where public companies were not paying as much in liquid cash and private companies were not valued so aggressively. Fact is most employees take the startup offer because they don't actually have a liquid offer that's super competitive at that moment, or they are just kind of bored and taking a break of the corporate job that does not give them too many responsibilities, i.e. they are compensated via the title, not just the promise of making bank.

Post reply on HN