hapabapa
- OpenAI has signed a deal with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) Cloud for the generative artificial intelligence company’s computing needs, Reuters reported.
- Google shares rose 1.5% in early morning trading.
- The deal, which had been discussed for a few months, was finalized in May, the news outlet added, citing a source familiar with the matter. Google will supply additional computing power for OpenAI’s training of its artificial intelligence models, separate sources told the news outlet.
- Google Cloud competes with Amazon (AMZN) Web Services and Microsoft’s (MSFT) Azure in the cloud service provider market.
- Google and OpenAI did not immediately respond to a request for comment from Seeking Alpha. Microsoft, which has invested in OpenAI and also provided the ChatGPT maker with its cloud computing power, did not respond either.
- On Monday, an OpenAI spokesperson said the company had hit a $10B annualized revenue run rate.
More on Alphabet
- Alphabet: Non-Search Businesses Worth More Than Current Market Cap
- Alphabet’s Stock Offers No Upside
- Alphabet: Bing And AI Come To The Rescue
- Dividend Roundup: Broadcom, Alphabet, T-Mobile US, Travelers, and more
- Perplexity reports extreme growth as CEO says users ‘are tired of legacy browsers’: report