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Huang's $20B Inference Loop Forms

Jensen Huang seals NVIDIA’s $20B inference loop with Groq AI21 Labs Enfabrica

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Meng Li
Jan 02, 2026
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The wealthy and aggressive Jensen Huang has consecutively acquired Groq and AI21 Labs within just 7 days, with total investments exceeding $20 billion.

On Christmas Eve, he threw down $20 billion to bundle up and take away Groq’s “father of the TPU” team;

Then immediately targeted AI21 Labs, spending $2-3 billion to bring it under his wing, along with the 200 top AI PhDs behind AI21.

Moreover, combined with the $900 million purchase of Enfabrica in September, after this triple acquisition combo, NVIDIA has effectively closed the loop on the “hardware-network-architecture” chain.

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