Gradio and Groq have announced a collaboration to create a new PyPi package, allowing developers to build conversational AI applications with minimal coding. The integration enables users to create applications using just a few lines of code, specifically highlighting the capability to build conversational AI in 100 lines or less. This package simplifies the process of developing AI applications by providing sleek web interfaces powered by Groq. Developers can now leverage this technology to create chatbots and other AI-driven applications more efficiently.