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

ℹ️ EPISODE INFO

Released

September 29, 2025

Duration

1h 31m

Channel

The Twenty Minute VC

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Jonathan Ross is the Founder & CEO of Groq, the AI chip company redefining inference at scale. Under his leadership, Groq has raised over $3B from top investors. The company has reached a valuation of nearly $7B, positioning itself as one of NVIDIA’s most formidable challengers. Previously at Google, Jonathan led the team that built the first Tensor Processing Unit (TPU), making him one of the leading architects of modern AI hardware. ----------------------------------------------- Timestamps: 00:00 Intro 01:10 Analyzing the Current Market Landscape 03:33 Why the Hyperscalers Have to Keep Spending Recklessly on AI 12:35 Why OpenAI and Anthropic Will Have to Build Their Own Chips 18:14 OpenAI and Anthropic Will be $5BN Companies: The Bull Case 28:20 Why China is Behind the US in AI and Deepseek is More Expensive to Run 34:37 How Europe Could Compete in AI and Why the US is More Risk Averse Than Europe 37:21 Why We Have to Have Nuclear Energy and How to Bring it Back 48:16 Deflationary Pressures and New Job Markets 51:54 The Future of Vibe Coding 53:40 Why AI Companies Should Strive to Have Low Margins 58:46 S&P 7000, Mag 7 & Market Choppiness 01:06:44 Why OpenAI and Anthropic are so Undervalued 01:13:35 The Chip Market in 5 Years 01:21:51 Quick-Fire Round: Biggest Fear, Nvidia: $10TRN, Zuck Buying AI: Work or Not ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on X: https://twitter.com/HarryStebbings Follow Jonathan Ross on X: https://twitter.com/JonathanRoss321 Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #jonathanross #groq #ceo #openai #anthropic #chips #nvidia #nuclearenergy #vibecoding

🎤 SPEAKERS

• Jonathan Ross

  guest

• Harry Stebbings

  host

🧾 EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Jonathan Ross and Harry Stebbings, Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN explores groq’s Jonathan Ross: Compute, Chips, and Energy Will Dictate AI’s Future Jonathan Ross argues that AI is still in its early, value-creating phase, with insatiable demand for compute and a structural shortage of GPUs and energy. He believes hyperscalers and AI labs are rationally overspending because compute directly translates into better products, more revenue, and long‑term strategic survival. Ross predicts NVIDIA will remain dominant and could exceed a $10T valuation, even as OpenAI, Anthropic, and others build their own chips and alternative inference architectures like Groq’s emerge. He warns that nations and companies that fail to secure cheap energy and abundant compute—especially Europe—risk becoming economic backwaters in an AI-driven global economy.

🔗 RELATED EPISODES

Inside Legora: Jude Law Generated $50M Pipeline | Are They Undervalued at $5.5BN? | Patrick Forquer

Cliff Weitzman: What I Learned from 100 of the World’s Top CEOs & Why Tokens Will Outspend Salaries

Shopify CEO on How AI is a Scapegoat for Mass Layoffs & Trump Derangement Syndrome in Canada

Inside Clay's Sales Playbook | Becca Lindquist

Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996

Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem