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Senators Warren and Blumenthal Probe Nvidia's $20 Billion Groq Deal Over Antitrust Concerns

Senators Elizabeth Warren and Richard Blumenthal launched a probe into Nvidia's proposed $20 billion acquisition of Groq, citing antitrust concerns about Nvidia consolidating control over both AI chip manufacturing and AI inference hardware. The senators sent letters to the FTC and DOJ requesting an investigation into whether the deal would harm competition. Groq makes specialized inference chips that compete with Nvidia's own GPU-based inference offerings. The probe adds political pressure to a deal that already faces regulatory scrutiny from the FTC.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
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Products

Fox closes $22 billion Roku acquisition

Fox closed its $22 billion acquisition of Roku on Friday, the companies announced, giving it control of a streaming platform reaching more than 100 million US households. Roku founder Anthony Wood now serves on Fox's board.

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Capital

Aave Labs acquires Avon team and lending technology

Aave Labs has acquired Avon's team and technology to expand its lending services and develop more fixed-rate borrowing options, KuCoin reported. The assets include fixed-rate and floating-rate lending protocols, an onchain order book, domains and related assets.