ChatGPT owner OpenAI strikes unprecedented cloud deal with rival Google: report

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ChatGPT owner OpenAI strikes unprecedented cloud deal with rival Google: report
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OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, sources tell Reuters.

OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, three sources told Reuters, marking a surprising collaboration between two

Scotiabank analysts called the development “somewhat surprising” in a note on Tuesday, highlighting the growth opportunities for Google’s Cloud unit, while expressing caution regarding competition from ChatGPT. OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming adoption of AI.

Microsoft and OpenAI are also in negotiations to revise the terms of their multibillion-dollar investment, including the future equity stake Microsoft will hold in OpenAI.

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