Google enters cloud partnership with Sequoia Capital: report

Google (NASDAQ:GOOG)(NASDAQ:GOOGL) has entered into a non-exclusive cloud computing agreement with the venture firm Sequoia Capital, according to a report Wednesday by Axios.

The deal allows Sequoia-backed artificial intelligence startups to acquire as much as $500,000 in free cloud computing and training services from Google, the report said.

Google already offers up to $350,000 in cloud credits to other AI startups, including those associated with the venture capital firm Y Combinator, which is headquartered in Mountain View, Calif. These have access to a cluster of Nvidia (NVDA) GPUs and Google tensor processing units.

Venture capital firms are keen on investing in AI startups. Andreessen Horowitz has purchased and stashed thousands of GPUs, including many of Nvidia’s H100 processors, in an effort to win deals for AI startups.

Sequoia has heavily invested in a swath of big tech companies, including Google, Nvidia, Apple (AAPL) and Cisco (CSCO).