OpenAI signs deal with Google Cloud for compute needs: report

June 10, 2025 07:33 PM IST | By EODHD
 OpenAI signs deal with Google Cloud for compute needs: report
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[Google Cloud Seattle Campus] hapabapa * OpenAI has signed a deal with Google (NASDAQ:GOOG [https://seekingalpha.com/symbol/GOOG]) (NASDAQ:GOOGL [https://seekingalpha.com/symbol/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 [https://www.reuters.com/business/retail-consumer/openai-taps-google-unprecedented-cloud-deal-despite-ai-rivalry-sources-say-2025-06-10/], 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 [https://seekingalpha.com/symbol/AMZN]) Web Services and Microsoft's (MSFT [https://seekingalpha.com/symbol/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 [https://seekingalpha.com/news/4456605-openai-hits-10b-in-annual-recurring-revenue-report] the company had hit a $10B annualized revenue run rate. MORE ON ALPHABET * Alphabet: Non-Search Businesses Worth More Than Current Market Cap [https://seekingalpha.com/article/4793698-alphabet-non-search-businesses-worth-more-than-current-market-cap] * Alphabet's Stock Offers No Upside [https://seekingalpha.com/article/4793654-alphabet-fair-value-high-uncertainty-stock-offers-no-upside] * Alphabet: Bing And AI Come To The Rescue [https://seekingalpha.com/article/4793605-google-bing-and-ai-come-to-the-rescue] * Dividend Roundup: Broadcom, Alphabet, T-Mobile US, Travelers, and more [https://seekingalpha.com/news/4456134-dividend-roundup-broadcom-alphabet-t-mobile-us-travelers-and-more] * Perplexity reports extreme growth as CEO says users 'are tired of legacy browsers': report [https://seekingalpha.com/news/4456004-perplexity-reports-extreme-growth-as-ceo-says-users-are-tired-of-legacy-browsers-report]

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