Nvidia has entered into a non-exclusive licensing agreement with AI chip competitor Groq, hiring its founder, Jonathan Ross, along with President Sunny Madra and other employees. CNBC reported a $20 billion acquisition deal for Groq’s assets, which, if correct, would be Nvidia’s largest transaction to date. Nvidia clarified that this is not the complete acquisition […]
Cursor has announced the acquisition of Graphite, a startup specializing in AI-based code review and debugging. Although the financial details of the transaction were not made public, Axios reported that the acquisition price significantly exceeded Graphite’s last valuation of $290 million, determined during a $52 million Series B funding round earlier this year. The merger […]
OpenAI has recently acquired Roi, a personal finance application powered by AI. This acquisition is aligned with OpenAI’s strategy to enhance personalized consumer AI. Only Roi’s CEO, Sujith Vishwajith, will transition to OpenAI, while the rest of the small team will see their roles phased out, with operations set to cease on October 15. Vishwajith […]
Zscaler, a cloud security company based in San Jose, California, has bought cybersecurity startup Avalor 26 months after its inception, according to reports, for a sum of $310 million in cash and equity. In a press release publicizing the news, Zscaler’s founder, and CEO, Jay Chaudhry stated that this acquisition would enhance Zscaler’s platform with […]