Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN

Groq CEO Jonathan Ross argues OpenAI and Anthropic are both deeply compute-constrained and wildly undervalued, and predicts Nvidia hits $10T in 5 years.

• Ross claims if OpenAI or Anthropic had 2x their current inference compute, revenue would nearly double within a month due to rate limits.
• Groq’s supply chain delivers LPUs in 6 months vs. 2+ years for GPU orders — Ross calls this the real differentiator, not speed.
• Ross predicts Nvidia will hold 50%+ of AI chip revenue in 5 years but only ~10% of units sold, as hyperscalers build their own.
• Every major AI lab and hyperscaler will eventually build their own chips — the real motivation is supply control, not cost or performance.
• Nvidia’s CUDA moat is real for training but largely irrelevant for inference; Groq has 2.2M developers vs. Nvidia’s claimed 6M.
• Ross considers both OpenAI ($500B) and Anthropic ($180B) highly undervalued — expects them to join a ‘Mag 9 or Mag 11’ alongside current leaders.
• Groq raised $750M at ~$7B valuation, was 4x oversubscribed, and originally planned to raise only $300M.
• Ross would not start a chip company today — the 3-year temporal moat from tape-out to production only works if you started years ago.

2025-09-29 · Watch on YouTube