India, Dec. 25 -- On Wednesday, CNBC 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.

Alex Davis, the CEO of Disruptive, a firm that has invested more than $500 million in Groq, announced the deal to CNBC. Groq was founded in 2016 by Jonathan Ross and Douglas Wightman - two engineers who created Google's tensor processing unit (TPU). According to reports, Wightman departed from the company in July 2019 and is no longer active in Groq's current leadership.

The deal is set to significantly boost the net worth of Jonathan Ross, now the sole leader and public face of ...