Nvidia's licensing deal with Groq | The Inference Play

Nvidia just wrote a $20 billion check to make a problem disappear—and in doing so, revealed exactly where it sees its AI empire as most vulnerable. The licensing deal with Groq isn't about acquiring groundbreaking technology Nvidia couldn't build itself. It's about ensuring that technology doesn't fall into the hands of hyperscalers, sovereign wealth funds, or a well-capitalized competitor willing to wage a price war on inference.