Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024.
David Paul | Bloomberg | Getty Images
MONOPOLY ALERT: The AI future has just been CRUSHED. In a SHOCKING $20 BILLION cash grab, Nvidia has EATEN its last major competitor, the AI chip startup Groq, in a deal that SMASHES anti-trust concerns and solidifies its TERRIFYING control over the entire artificial intelligence industry. This is the moment EVERY critic warned about.
The buyout, confirmed to CNBC, is a corporate massacre. Groq, a company founded by the VERY ENGINEERS who built Google’s TPU chips—a rare threat to Nvidia’s GPUs—was NOT for sale. Insiders reveal it was APPROACHED and SWALLOWED WHOLE in a deal orchestrated at lightning speed, paying a MASSIVE premium on a startup valued at under $7 BILLION just three months ago. Why the desperate overpay? To ELIMINATE the competition, PERMANENTLY.
Here’s the DARKEST part: Nvidia, sitting on a MOUNTAIN of over $60 BILLION in cash—wealth extracted from an AI-crazed market—isn’t investing in innovation. It’s conducting a SERIAL ACQUISITION of the entire technological landscape. Remember the $100 BILLION OpenAI deal? The $5 BILLION Intel partnership? This is a pattern of DOMINANCE, a calculated move to CONTROL the foundational hardware of the next century. With Groq gone, what startup dares to challenge the goliath now?
The implications are CHILLING. This isn’t just business; it’s the quiet consolidation of POWER over the very engines of thought, economy, and potentially, human destiny. One company now holds the keys to the AI kingdom. THE AGE OF COMPETITION IS OVER. Welcome to Nvidia’s world.
Edited for Kayitsi.com
Author: Kayitsi.com
