The Non-Acquisition Goes to Court
I have watched Silicon Valley rename the same dodge three times now, and Groq is the one where the name finally stopped working. For nine years this mob sold inference chips and token priced API access, then in December came the deal everyone now calls the $20 billion deal, to license the tech and "hire 80% of the staff". The startup called it a "non-exclusive licensing agreement", which is a lovely phrase for taking the building, the brains and the furnaces and leaving the letterbox.