Jonathan Ross, the founder of AI chip company Groq, has entered the billionaire club after a major deal with Nvidia. The agreement, valued at around $20 billion, has brought Groq in the global attention and made Jonathan Ross one of the newest rich names in the technology world.
CNBC recently broke the news that Nvidia is acquiring the AI chip startup, Groq, founded by Jonathan Ross, who currently heads the organization as it’s CEO. The deal has been finalized at “for about” $20 billion in cash, the report noted.
According to CNBC, the $20 billion deal is a “non-exclusive licensing agreement,” and Ross and other executives will now join Nvidia as employees.
The report noted, citing Alex Davis, that Nvidia will acquire “all of Groq’s assets” but the company’s cloud business, which started only recently, is not part of the deal. Notably, this is Nvidia’s largest acquisition ever.
Chip Engineer to Startup Founder
Before starting Groq, Jonathan Ross worked as a chip engineer at Google. He was part of the team that built special processors used for artificial intelligence. This experience helped him understand what AI systems need to work faster and better.
In 2016, Ross co-founded Groq with Douglas Wightman. Their goal was simple: to build chips that can run AI tasks quickly and smoothly. Over the years, Groq gained attention for its unique chip design and strong performance.
Nvidia Agreement
Groq reached a major milestone when Nvidia signed a deal worth about $20 billion involving the startup. Instead of a full takeover, the deal allows Nvidia to use Groq’s technology and benefit from its engineering talent. Groq, however, continues to operate as its own company.
For Nvidia, the deal helps strengthen its position in the fast-growing AI chip market. For Groq, it opens doors to larger opportunities and global growth.
How Much Is Jonathan Ross Worth?
Like many startup founders, Jonathan Ross’s wealth depends on how much of the company he owns. While exact numbers are not shared publicly, experts believe he still holds a meaningful share in Groq.
Based on the deal value, Ross’s personal wealth is estimated to be between $1 billion and $3 billion. This places him among the newest tech billionaires in the world.
Why This Deal Matters
The Nvidia-Groq deal shows how important AI hardware has become. Big tech companies are now willing to invest huge amounts to stay ahead in artificial intelligence.
For Jonathan Ross, this deal is more than just money. It marks the success of years of work and proves that smart ideas and strong engineering can create massive impact in the tech industry.
