Groq CEO Jonathan Ross’ net worth has reportedly jumped sharply following Nvidia’s $20 billion deal, spotlighting how the landmark partnership has boosted the AI chip startup founder’s wealth.

As NVIDIA pushes deeper into AI inference across key markets, Groq has confirmed a partnership that reshapes its leadership. Groq said NVIDIA signed a non-exclu

This smart move by Nvidia accomplishes two goals at once: it eliminates a potential competitor and obtains a new chip technology to offer its customers.

Chip giant Nvidia has acquired assets and talent from AI startup Groq for $20 billion. This deal brings Groq's specialized inference chip technology to Nvidia. Groq founder Jonathan Ross and key staff will join Nvidia.

Nvidia is acquiring AI chip startup Groq for about $20B in cash, CNBC reports. Founded by Jonathan Ross, the deal boosts Ross’s net worth massively.

Nvidia this week said it struck a non-exclusive deal with Groq to license its technology and hired the startup’s founder and CEO Jonathan Ross, its president, and other employees. CNBC reported the agreement to be worth $20 billion, marking Nvidia’s largest-ever deal. (The company declined a request for comment on the figure.)

While Nvidia dominates the market for training artificial intelligence models, Groq specializes in inference—the process where trained models respond to user requests. Inference is a more competitive space, with rivals such as Advanced Micro Devices, Cerebras Systems, and other startups vying for market share.

At the heart of the agreement is a massive transfer of high-level talent. Jonathan Ross, Groq's founder and the original architect of Google's TPU program, will join NVIDIA alongside Groq's president, Sunny Madra, and other key team members to scale the licensed technology.