[HN Gopher] Nvidia's $20B antitrust loophole
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       Nvidia's $20B antitrust loophole
        
       Author : ossa-ma
       Score  : 269 points
       Date   : 2025-12-27 17:42 UTC (5 hours ago)
        
 (HTM) web link (ossa-ma.github.io)
 (TXT) w3m dump (ossa-ma.github.io)
        
       | ossa-ma wrote:
       | No shade but most other coverage will focus on whether this
       | signals an AI bubble. That's missing the story.
       | 
       | Nvidia explicitly did NOT acquire Groq. They licensed the IP and
       | hired the talent. This structure dodges CFIUS review (Groq had
       | $1.5B in Saudi government contracts), antitrust scrutiny, and
       | years of regulatory delays.
       | 
       | The $13B premium over the September valuation was the cost of
       | regulatory arbitrage. Announced Christmas Eve while Trump's AI
       | Czar (Chamath's All-In podcast co-host) is in office. Chamath's
       | Social Capital made AT LEAST ~$2B on this exit.
       | 
       | My article breaks down: what Nvidia actually bought vs what they
       | left behind, why the deal structure matters, who got paid, and
       | the political connections nobody's talking about.
        
         | lotsofpulp wrote:
         | > Why do I hate Chamath?
         | 
         | >Let's look at the sh he dumped on retail with his abysmal SPAC
         | track record
         | 
         | I do not see why one would feel animosity towards Chamath for
         | this reason. Was there fraud involved? Otherwise, all investors
         | are liable for doing their own due diligence.
        
           | ossa-ma wrote:
           | Part of it is the irrational feeling of a disgruntled
           | investor, doubt that I'm alone.
           | 
           | The other part is he has a track record of dumping on retail
           | then telling them not to buy his next deal once he's already
           | cashed out.
        
             | Aboutplants wrote:
             | Given his track record of dumping on retail, one could view
             | this as a signal no? He's obviously capturing value, but
             | also shedding long term risk which is starting to pile up.
        
           | design2203 wrote:
           | Nobody in finance holds a high opinion of Chamath.
        
           | ALittleLight wrote:
           | You can feel animosity towards someone without thinking
           | they've met the elements of a crime.
        
           | lovich wrote:
           | Do you need someone to commit a crime to hate them?
           | 
           | Do you still need them to commit a crime when they are rich
           | and powerful, and connected with the current administration
           | that sets the law?
           | 
           | If a new law came out that said Chamath can do whatever he
           | wants and it's always legal, is it impossible to hate him in
           | your worldview?
        
         | yellow_postit wrote:
         | It will be interesting to see if this is an exit for investors
         | and which ones. Given it wasn't an acquisition but licensing.
        
       | LarsDu88 wrote:
       | So many companies doing non-"acquisitions" during this AI boom!
       | Though this one is at least more comprehensive than say, Google
       | simply hiring back Noam Shazeer from Character.AI or OpenAI
       | taking Windsurf
        
         | frays wrote:
         | Google also hired the core Windsurf engineering and research
         | team, not OpenAI:
         | 
         | https://www.reuters.com/business/google-hires-windsurf-ceo-r...
        
       | yalogin wrote:
       | Nvidia bought groq? I am out of the loop but what does groq have
       | that they want?
        
         | daemonologist wrote:
         | Nvidia hired all their top personnel and paid $20B to license
         | their technology, but stopped short of actually acquiring the
         | company. Very similar to how Google didn't buy Windsurf.
         | 
         | I assume it's more about what Groq had that Nvidia _didn 't_
         | want, which was competition (in inference hardware).
        
         | yesco wrote:
         | I'll just make note here for anyone else confused that Groq and
         | Grok are distinct entities. They just have similar names.
         | 
         | Groq is more of a hardware focused company.
        
         | tonyhart7 wrote:
         | Nvidia losses 200+ billions on recent weeks because Google TPU
         | actually good and market realize that Nvidia have no "moat"
         | 
         | this is just panic buying to make stronger foothold
        
         | ThrowawayTestr wrote:
         | A chip dedicated to inferencing that's better than their GPUs.
        
       | vineethy wrote:
       | I think it's important to note that there's nothing forbidding
       | LPU style determinism from being used in training. They just
       | didn't make that choice.
       | 
       | Also tenstorrent could be a viable challenger in this space. It
       | seems to me that their NoC and their chips could be mostly
       | deterministic as long as you don't start adding in branches
        
         | ossa-ma wrote:
         | You're right but my understanding is that Groq's LPU
         | architecture makes it inference-only in practice.
         | 
         | Like Groq's chips only have 230MB of SRAM per chip vs 80GB on
         | an H100, training is memory hungry as you need to hold model
         | weights + gradients + optimizer states + intermediate
         | activations.
        
           | refibrillator wrote:
           | H100 has 80 GB of _HBM3_. There's only like 37 MB of SRAM on
           | a single chip.
        
         | bionhoward wrote:
         | Would SRAM make weight updates prohibitive vs DRAM?
        
       | ChrisArchitect wrote:
       | Related:
       | 
       |  _Nvidia to buy assets from Groq for $20B cash_
       | 
       | https://news.ycombinator.com/item?id=46379183
        
       | georgeburdell wrote:
       | This behavior is extremely damaging to the startup scene. Who
       | would join a startup these days unless it's run by a close friend
       | or relative? At least in that case, the scorned junior employees
       | would have social recourse.
        
         | some_guy_nobel wrote:
         | Right? As a former founder, I laugh every time I get a
         | 'Founding Engineer' recruit email...
        
         | paxys wrote:
         | Yeah unless you are a founder or top investor it's pretty much
         | a guarantee that there will be no exit.
        
         | evilduck wrote:
         | I don't think this makes it much worse because that's hard to
         | do, it's already terrible. Getting screwed by startup founders
         | has been the status quo for at least 15 or 20 years now.
         | 
         | If you're just a worker then demand fair market wages, work
         | healthy hours, and treat your useless class of shares as
         | already used and discarded scratch off lottery tickets.
        
         | saghm wrote:
         | It's not like larger companies don't also screw over their
         | employees in various ways. After having to leave AWS due to my
         | fully distributed team that was formed during WFH being forced
         | to "return" to an office that most of ever never lived near,
         | I've preferred working for smaller companies not because I care
         | about equity (I'm in the fortunate position that I can survive
         | comfortably and save for retirement on my salary rather than
         | needing to rely on the value from options/RSUs), but because my
         | confidence in my ability to predict where things are headed
         | goes down increasingly with each additional level of management
         | between me and whoever has the power to arbitrarily decide to
         | upend my employment on a whim. In the long run, I'll probably
         | be fine if my employer doesn't make me rich, so as long as my
         | projected retirement age isn't actively getting pushed back
         | based on my current income and spending, I'd rather optimize
         | for minimizing the likelihood I suddenly find myself unemployed
         | due to untenable working conditions or getting unexpectedly
         | laid off. My experience at startups has been that it's a lot
         | easier to tell when things might start to get dicey several
         | months down the line and start to prepare for if I need to find
         | another gig. With a large company, I've seen that happen much
         | more suddenly for people who had no reason to suspect they
         | might need to in advance.
        
           | Arainach wrote:
           | At larger companies I can sell my stock immediately, and the
           | salary and benefits are better.
        
             | saghm wrote:
             | My health insurance from AWS was about the same
             | coverage/cost that I got from a startup I worked at that
             | had 10 employees for a year or so afterwards, but the
             | insurance from the startup had much better humans for me to
             | talk to when there were issues. As for the extra money, my
             | point was that I've found my quality of life is higher
             | working for companies where I know where I stand in the
             | medium-to-long term.
             | 
             | I definitely don't have any illusions that this is based on
             | a number of personal factors (e.g. my overall financial
             | situation making any additional income not likely to
             | drastically change my quality of life and the somewhat
             | unorthodox medical needs of someone in my family causing me
             | to need to talk to the insurance company a few times a year
             | to sort things out). The comment at the beginning of this
             | thread was asking " Who would join a startup these days?"
             | though, so my answer is basically "someone like me". I
             | don't pretend to have any idea how many others like me
             | there are, only that the tradeoffs for larger companies
             | don't really make much sense for me.
        
         | 999900000999 wrote:
         | If you need a job for things like food and housing a startup is
         | cool.
         | 
         | I fully expect to be lied to repeatedly though about my own
         | pay, our prospects, etc. I had to learn the hard way that these
         | lies are defacto legal because employees won't realistically be
         | able to sue.
         | 
         | But hey, the base pay is probably enough.
        
           | nharada wrote:
           | In that case working at a startup would be a thing someone
           | would only do as a last resort, and the talent pool would
           | consequently be extremely low quality. Sounds damaging to the
           | scene to me.
        
             | 999900000999 wrote:
             | Have you seen the tech market?
             | 
             | A lot of good engineers are out of work. They'll gladly
             | take what they can
        
         | jmward01 wrote:
         | It is definitely time to stop looking at equity as part of pay
         | at a startup. The trend is extremely clear, startups aren't
         | paying out to employees but the C suite gets internal raises
         | and IPO is pushed to infinity. It is nice to have some paper
         | laying around but that is all it is, paper. Go to a startup for
         | a year. Get the experience, move and get a 20-50% pay increase
         | and keep doing that every year and you will be way happier and
         | financially healthier.
        
           | tbrownaw wrote:
           | I thought this was always the case? Hearing about examples
           | certainly isn't new.
        
             | Analemma_ wrote:
             | It has always been the case, but each year there's a fresh
             | crop of new, bright-eyed 20-year-olds who haven't learned
             | it yet. The entire startup ecosystem essentially depends on
             | the fact that some people haven't yet internalized that
             | options are worthless and working 80+-hour weeks if you're
             | employee #3 or higher never pays off, because even in the
             | slim chance your company has a successful exit you'll get
             | fucked over by antics like this.
             | 
             | The best we can do is try and make "options have an EV of
             | 0, startups aren't worth it, join a FAANG" a widely-known
             | meme in places like HN to keep as many people as possible
             | from having to lean this the hard way. We'll never save
             | everyone, but at least it's more widely-known than it used
             | to be.
        
               | 999900000999 wrote:
               | Getting screwed over is a part of life.
               | 
               | The problem imo is when you actively lie to me. I won't
               | go into specifics, but I was lied to , said F em, went
               | the legal route and got smacked down.
               | 
               | It's not even worth a name and shame. Just sip a shot of
               | whiskey and try to move on. This is why I like contract
               | jobs. Ain't no equity. It's much more honest.
        
               | jmward01 wrote:
               | It hasn't actually always been the case and the real
               | issue is the false advertising that you actually have
               | equity. If my equity of 1% was real then I would get
               | value as the company grew but the reality is that
               | options/shares without some sort of exit is worth 0.
               | Founders and the C suite often (always now?) get
               | 'internal' raises meaning when a new round of funding
               | hits they get to sell but nobody else does. This, to me,
               | completely destroys the concept that equity is an
               | incentive to build the company and means it should
               | -never- be used as part of a hiring pitch since the
               | people pitching it, founders and the upper management,
               | obviously don't believe in it themselves. If you really
               | want to see if the leadership believes in the junk they
               | are telling you then ask them to put in writing that
               | internal raises are available to all at the same
               | percentages or they are available to nobody.
        
           | tyre wrote:
           | This is always the case. Negotiate equity, but assume it's
           | worth zero. It's not liquid and highly speculative. It's a
           | nice to have.
           | 
           | edit: which doesn't mean join companies you don't believe in!
           | Please do. But don't expect it to be there, don't include it
           | in life plans, don't pay attention to valuations, etc.
        
             | nerdsniper wrote:
             | If the owners try to say the equity is valuable, have them
             | convert it to salary. Then it will be clear they don't
             | believe their own words.
        
         | toomuchtodo wrote:
         | If you join a startup, and have equity that isn't special in
         | some way (defending against liquidation preference or
         | dilution), you're the sucker. You're just going to grind for
         | someone else's payday when a deal is made in a room you're not
         | in. You'll only be made rich if someone with the power to drive
         | the decision thinks you should be. As always, it's who you know
         | and being likable.
        
         | LogicFailsMe wrote:
         | Oh FFS 0.1% of this acquisition is $20M. 0.5% is $100M. Junior
         | to senior equity lies in this range. They'll be more than fine.
         | They'll be 1%ers to 0.1%ers after taxes, yeesh. It's never ever
         | enough. is it?
        
           | ricardobeat wrote:
           | Those numbers are not realistic. At a company at this stage
           | (series E I think?), you'll be lucky to have 0.01% as an
           | engineer.
           | 
           | Most importantly, there is no guarantee there will be any
           | payout at all. It's not an acquisition and we don't know the
           | terms.
        
         | neilv wrote:
         | I was talking with a great-sounding few-person early startup
         | (nice people, non-evil business, interesting work, etc.), and
         | they wanted me to fill a highly-skilled role... in-office in a
         | VHCOLA, for $110K and "0.5%" in usual option schedule.
         | (Presumably also with the usual barriers to options ever being
         | exercised or liquidated equitably.)
         | 
         | Even fresh grads with no experience take home more in this
         | town.
         | 
         | I live to work, and I'd be willing to spend a few more years in
         | student-apartment quality of life, and to work like a strategic
         | asset to make the startup successful. But I've learned that
         | deal should include a FIRE lottery ticket, not a condo
         | downpayment lottery ticket.
         | 
         | If your early startup doesn't want to share significant equity,
         | https://levels.fyi/ provides TC numbers of what established
         | companies are paying, even for people who wouldn't be good for
         | a startup.
         | 
         | Maybe it's the recent years of what VC culture has devolved to.
         | ("Why is your cap table cutting in early key hires
         | significantly? Do you have a leadership problem, bro?") Maybe
         | this is just another facet of the "mask-off" or "late-stage
         | capitalism" that people have started calling out in other
         | facets of society.
        
       | websiteapi wrote:
       | I wonder how the startup scene will adjust to this if it becomes
       | mainstream. can employee contracts be modified to force
       | compensation even in this case? seems difficult to write one up
       | without weird second order effects.
       | 
       | if this does end up being something that is legal and
       | successfully circumvents anti trust, does it mean antitrust
       | actually is a failure in practice?
       | 
       | 2026 hasn't even begun and more shenanigans are in flight.
        
         | tonyhart7 wrote:
         | if we use your logic then every law written would be failure
         | since at some point people would discover loophole/flaw that
         | would get abused
         | 
         | the fix is we use more ambiguous words or just stronger
         | government control
         | 
         | see how China "control" capitalist on this case if you want
         | absolute government control
        
           | websiteapi wrote:
           | isn't it true though that laws that have frequently abused
           | loopholes that effectively go against the spirit of the law
           | are indeed failures? isn't that the entire purpose of having
           | lawmakers who are constantly evaluating such things?
        
             | tonyhart7 wrote:
             | Yeah that is the point of having law maker
             | 
             | my point is making a law that a "future proof" is
             | impossible, since guess what???? Human just cant account
             | for every possible future scenario
        
         | altairprime wrote:
         | Regulations shouldn't have to change with every new fintech
         | innovation, and the IRS already has the necessary laws in place
         | to catch and prosecute abuse of unpredicted loophole
         | technicalities as tax fraud with intent. We're better off
         | applying a general tax to "gross revenue not paid as wages" and
         | directing it to a universal basic income fund. The purchase
         | price is gross revenue, and the less they pay out as employee
         | wages, the more the (not subject to deductions) tax charge
         | becomes. Sure, they might still fuck over workers, but at least
         | the workers could afford to quit (thanks, UBI) -- and VCs would
         | face the choice of taking half the payment and fucking over
         | workers, or taking the same size payment while _not_ fucking
         | over workers. They may be selfish, but they're not so self-
         | destructive as to choose the former out of spite: it would
         | utterly destroy their ability to hire brilliance in the future,
         | especially once people can afford to say no.
        
           | lovich wrote:
           | > Regulations shouldn't have to change with every new fintech
           | innovation...
           | 
           | Hard disagree given that a lot of fintech innovation is
           | increasingly devious ways to circumvent the spirit and the
           | letter of the law
           | 
           | > ... and VCs would face the choice of taking half the
           | payment and fucking over workers, or taking the same size
           | payment while not fucking over workers. They may be selfish,
           | but there not so self-destructive as to choose the former out
           | of spite
           | 
           | Also hard disagree. The VC and investor people I've met and
           | work with seemed to have a cultural aversion to labor being
           | anywhere near the same level of compensation or power as
           | them. I would fully expect them to take a deal that fucked
           | over the employees if they got paid the same either way.
           | 
           | You'd have to tune your suggested system so that not fucking
           | over the employees was heavily incentivized
        
           | irishcoffee wrote:
           | > Regulations shouldn't have to change with every new fintech
           | innovation
           | 
           | Daww, it took almost until the end of the year to find the
           | best joke of the year.
        
       | jimnotgym wrote:
       | IANAL, and am especially weak on US law, but I suspect this is
       | only an antitrust loophole if the administration chooses not to
       | act. Substance over form must apply? Pretty sure this wouldn't
       | fly in European law.
        
         | thayne wrote:
         | Sure, but the US has a history of not acting.
         | 
         | If it was a normal acquisition, it would automatically trigger
         | anti-trust investigations. Under the current administration, I
         | think it is unlikely the acquisition would be blocked (although
         | it probably should be...), but it would involve more
         | bureaucracy, and would take longer.
        
       | dangus wrote:
       | The part I don't fully understand is: could this non-acquisition
       | eventually make the deal less than ideal for Nvidia?
       | 
       | Is it really a given that GroqCloud is going to be sunset and the
       | company will die?
       | 
       | Couldn't this company hire talent and continue to operate and
       | maybe even innovate? Couldn't Groq even hire back some employees
       | from Nvidia? If any of them live in California there's nothing
       | stopping them and they have a bunch of cash from Nvidia. There
       | are all kinds of loopholes for that like contracting
       | arrangements.
       | 
       | Nvidia doesn't really have exclusive access to any part of the
       | company. They didn't necessarily remove a competitor, though I'll
       | grant that they _likely_ did in practice.
       | 
       | It's potentially possible that the regulations did their job and
       | kept a competitor on the market, though again I imagine this is
       | my naevity speaking and that the most likely outcome is that Groq
       | will wither.
       | 
       | I also don't fully understand if the Saudis are getting cashed
       | out or not. Are they really going to roll over and allow their
       | Saudi AI data center to become worthless? I would think they have
       | a lot of motivation after this deal to make sure Groq still
       | operates and serves their goals.
        
         | krupan wrote:
         | I agree, TFA seems to make a lot of assumptions. I kinda think
         | they are correct just because they support the narrative that
         | everyone involved is carefully taking care of their own, but it
         | sure seems like it could go other ways.
        
       | krupan wrote:
       | Read the article and where it talks about accelerated vesting of
       | Groq shares for both the leadership team that goes to Nvidia and
       | the regular employees that stay at Groq. Is that even guaranteed?
       | It's not an IPO or an acquisition, so why would vesting schedules
       | change?
        
         | ossa-ma wrote:
         | Very interesting would love to read about this, do you have a
         | link to the article?
        
         | wmf wrote:
         | I would assume there's no accelerated vesting but there's also
         | nothing stopping Nvidia from issuing refreshers of equal value
         | to unvested options. That's been a common recruiting tactic for
         | a long time.
        
       | kccqzy wrote:
       | > The "non-exclusive" label is legal fiction. When you acquire
       | all the IP and hire everyone who knows how to use it, exclusivity
       | doesn't matter.
       | 
       | I have some doubts about this point. IP is IP, independent of the
       | people who invented it. If a different hardware company were to
       | also pay for a non-exclusive IP license, maybe it will just take
       | a few months to catch up. It's like inheriting a codebase written
       | by another team, and there will be some pain and some time needed
       | to integrate it.
       | 
       | In fact if GroqCloud wishes to survive, it should very well just
       | attract licensees for its IP and collect license fees for the
       | foreseeable future.
        
       | Havoc wrote:
       | I wonder how much of the cap table knew
       | 
       | Matthew Berman (youtuber) mentioned he's invested in groq and
       | found out same time as everyone else. Guessing he's a
       | small/indirect investor but still telling
        
       | spiantino wrote:
       | I don't think you can treat owners of the same shares differently
       | in the way this is suggesting. The VC shareholders and the
       | employee shareholders are probably on equal footing and getting
       | the same price. VCs will own preferred but I doubt that is enough
       | to windfall them at the expense of the common shareholders.
       | 
       | So if VCs are getting paid a certain share price, employees with
       | vested stock almost certainly are getting the same price. And
       | probably employees with vested options can either exercise now or
       | will just get paid the net during the transaction.
       | 
       | Yes, the company is probably doomed so people staying there are
       | not doing well, but they also just got paid a 3x premium on their
       | vested equity.
        
         | Salman23 wrote:
         | Yes I think you are right here. The purchase price is high
         | enough for all parties to be get return on their shares, and
         | whilst there will be a waterfall for who gets paid first, I
         | doubt many people will be unhappy with this deal.
         | 
         | Unlike Windsurf... who's 2nd employee only got 1% of what their
         | shares were worth
         | (https://news.ycombinator.com/item?id=44673296)
        
           | lumost wrote:
           | Doesn't this depend on how the ip was structured? If it was
           | kept as a separate entity, or the firm named ownership of the
           | ip in nonstandard terms, then they could pay investors but
           | not employees.
           | 
           | Unfortunately, we could likely find thousands of different
           | ways not to pay employees given they don't have board seats,
           | and are typically on non standard equity.
        
           | spiantino wrote:
           | i thought so at first, but I did some digging and changed my
           | mind. it's possible the following is how it goes:
           | 
           | - secondary transaction with the preferred shareholders (VCs)
           | at some price that implies a 20b valuation
           | 
           | - founders quit and get new employment agreements
           | 
           | - some cash is transferred to the company as a license fee
           | 
           | - no acquisition means no DOJ approval
           | 
           | in this scenario the headline can be $20b but the cash
           | expense can be much lower, you have full flexibility to
           | direct whatever cash or equity you want to founders vs the
           | rest of the company, as an up front payment or as
           | retention/salary, and the founders have no hinderance from
           | working on anything they touched at previous company because
           | of IP license.
           | 
           | I actually bet this is how it went down. This is becoming the
           | standard in the industry and it's just awful for the future
           | of SV
        
             | lumost wrote:
             | Wouldn't this imply that the founder's don't get paid
             | either? The acquirer would simply need to have buy-in from
             | the investors to make the deal happen, and the founder
             | would need an offer that is bigger than any other possible
             | "soft landing."
        
               | spiantino wrote:
               | Founders could either get paid through secondary as well
               | or through new employment agreements. Secondary is much
               | more tax efficient, otherwise it doesn't really matter
        
       | cubefox wrote:
       | > Most production AI applications aren't running 405B models.
       | They're running 7B-70B models that need low latency and high
       | throughput.
       | 
       | Really? At least for LLMs, most actual usage is concentrated on
       | huge SOTA models. 1 trillion parameters or more. And LLMs seem to
       | be the lion's share of AI compute demand.
        
         | wmf wrote:
         | OpenAI is trying to move as many requests as they can to a
         | "smaller" model (still suspected to be ~200B).
        
           | cubefox wrote:
           | I suspect it to be >1T, just without reasoning.
        
       | pton_xd wrote:
       | So I guess this talent hire + tech license is the new way to
       | acquire startups? Chatacter.ai, Windsurf, and now Groq.
       | 
       | Any employees of those companies lurking here? I'm curious how
       | the morale is now.
        
       | monkeydust wrote:
       | Also worth thinking a about the private equity market scene, groq
       | was afaik tradable be it thinn liquidity on platforms like
       | equityzen. What did those shareholders get?
        
       | grensley wrote:
       | A la carte in AI is going to be the name of the game for a couple
       | reasons:
       | 
       | - Avoids regulatory scrutiny (for now at least)
       | 
       | - Nobody is actually entrenched enough for customers to matter
       | 
       | - Weird "celebrity" culture in tech, and AI especially. Everyone
       | is looking for a "whisperer" or a "godfather" or whatever.
       | 
       | - Investors still get paid out
       | 
       | Smart operational talent will probably adapt by demanding higher
       | salary, signing bonuses, severance packages in lieu of equity.
       | Distribution of the true "lottery tickets" will get more uneven.
        
       | atif089 wrote:
       | > GroqCloud will wind down over 12-18 months. They'll either get
       | laid off or jump ship to wherever they can land. They built the
       | LPU architecture, contributed to the compiler stack, supported
       | the infrastructure, and got nothing while Chamath made $2B.
       | 
       | This is depressing.
        
         | bilbo0s wrote:
         | That's just it.
         | 
         | We've entered a new era. Big companies don't need your startup.
         | They only need your smart guys. Just those few guys. You keep
         | the rest of your engineers and figure out what to do with them.
         | 
         | And lately, the answer has been, "wind it all down".
         | 
         | This sucks so bad for most of their employees. But it's a
         | signal to the labor market:
         | 
         | Be very honest about what you are when you're considering
         | working at an AI startup. Are you an AI expert? Or a TF/Pytorch
         | monkey? There's an enormous difference between those two
         | things. If you're not the key guy, require a good salary up
         | front. Because I don't see a future where the "acquiring"
         | companies start needing you as well.
        
           | MrGilbert wrote:
           | > But it's a signal to the labor market:
           | 
           | Or... Maybe we should start to think about how we let
           | corporations get bigger and bigger? What happens if an entity
           | (read: company) becomes so valuable, that it is basically
           | indestructible? Does it have the power to change politics to
           | their discretion? And as such, also influence the
           | legislative?
           | 
           | I find that highly concerning.
        
           | stefan_ wrote:
           | Nvidia didn't buy Groq because they need any "smart guys" at
           | all.
        
       | CalChris wrote:
       | What is keeping Google/Amazon/Microsoft from licensing Groq's
       | tech? Sans people to be sure but at substantially reduced price.
       | The Groq Cloud people should owe no allegiance to Ross.
       | 
       | BTW, the FA says Nvidia bought the patents. That's probably an
       | overstatement. Grow said non-exclusive licensing and Nvidia
       | hasn't said anything.
       | 
       | I think Nvidia licensed the IP and 'bought' (handcuffed) the
       | people.
        
       | dang wrote:
       | Related:
       | 
       |  _Nvidia to buy assets from Groq for $20B cash_ -
       | https://news.ycombinator.com/item?id=46379183 - Dec 2025 (400
       | comments)
       | 
       |  _Nvidia just paid $20B for a company that missed its revenue
       | target by 75%_ - https://news.ycombinator.com/item?id=46403041 -
       | Dec 2025 (133 comments)
        
         | jandrese wrote:
         | nVidia's big problem right now is they have more money than
         | they can productively spend and are way down the stupid money
         | hole just looking for any kind of return. This is a failure of
         | capitalism.
        
       | esaym wrote:
       | >Timing it for Christmas Eve ensures minimal media scrutiny of
       | these connections.
       | 
       | Sounds like the media is truly the one in charge.
        
       | FL33TW00D wrote:
       | Mr Kwok already analysed these deals and gave them a nice little
       | acronym: HALO
       | 
       | https://kwokchain.com/2025/07/15/the-halo-effect/
        
       | pjb88 wrote:
       | So... What will the actual impact on groq services be?
       | 
       | I'm a fan, and I use Groq a lot for systems I build. I think they
       | offer something different to most other providers (cheaper,
       | faster, and until recently "we don't store your data by default")
       | and it will be sad to see that fade.
        
         | wmf wrote:
         | It's going to be the same. It may never get better though.
        
       | whatevertrevor wrote:
       | > Groq built the region's largest inference cluster in eight days
       | in December 2024. From that Dammam facility, GroqCloud serves
       | "nearly four billion people regionally adjacent to the KSA." This
       | isn't API access. This is critical AI infrastructure for a
       | nation-state, funded by the Public Investment Fund, processing
       | inference workloads at national scale.
       | 
       | Maybe I'm just completely out of touch, and hardware has never
       | been my expertise, but does it take O(days) and not O(years) to
       | build data centers these days? I know Grok DCs in Memphis were
       | built under a year cutting many corners and using plenty
       | loopholes, but even by those standards, bringing up a full data
       | center in just over a week sounds impossible without some insane
       | construction automation to me.
        
         | lumost wrote:
         | they are likely referring to their hardware deployment. Which
         | _can_ be done in days. The datacenter is owned and operated by
         | someone else and they just bring in the racks.
        
         | tw04 wrote:
         | Physically building a datacenter yes. Repurposing a crypto
         | datacenter for a new purpose, no. But days is hyperbolic no
         | matter how you look at it unless they're reusing ALL the
         | existing infrastructure (network/security/hvac/physical server
         | racks/some amount of compute). And aren't actually including
         | the time to procure the inferencing chips.
         | 
         | You can call up Cisco tomorrow and offer them a billion dollars
         | to get you an entire datacenter worth of switches tomorrow and
         | the answer is going to be no because they just don't keep that
         | much inventory sitting around. That's why covid was such a
         | shitshow.
         | 
         | I should give a caveat of: they could in theory redirect
         | existing orders to you but would likely be violating
         | contractual obligations and risk a lawsuit from the fortune 500
         | Peter they robbed to pay you Mr. Paul.
        
           | whatevertrevor wrote:
           | "Smart" accounting by not counting design, planning,
           | procurement timelines would explain it, that makes sense.
           | 
           | If that's the case, it's saddening to see details like this
           | hyped up to borderline fraudulent levels.
        
       | chongli wrote:
       | I'd like to call back to yesterday's discussion on IP law [1]
       | sparked by recent comments from Rob Pike.
       | 
       | There was a major thread on the issue of regulatory regimes and
       | the dysfunction that can arise. How is this acquisition not a
       | textbook example of said dysfunction? This non-acquisition
       | acquisition does not happen at all in a world without IP law.
       | 
       | I think we're seeing a culmination of the dysfunction that
       | results from IP law. The sheer amount of capital has given
       | unbelievable momentum to the forces of consolidation. I still
       | can't foresee the endgame (who can?) but it's even harder to see
       | how it'll turn out well.
       | 
       | [1] https://news.ycombinator.com/item?id=46396075
        
       | paxys wrote:
       | This has nothing to do with antitrust. Not like the current
       | administration is going to enforce it anyways. Nvidia simply
       | wants Groq's tech and leadership without the burden of 500+
       | employees.
        
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