OpenAI Plans to Buy Google's Chips as Part of Its AI Build-Out

What happened: OpenAI (OPAI.PVT) intends to buy AI computing chips from Alphabet's Google (GOOG), per a person familiar with the matter. Final terms of any deal are not yet known, and both companies declined to comment. Key numbers: GOOG closed at 316.83, up 2.64 (+0.84%), and traded at 320.70, up 3.87 (+1.22%), pre-market. Why it matters: The move reflects OpenAI's multipronged bid to quickly add AI processing power, alongside plans to use its own chips later this year, and adds to companies challenging Nvidia's dominance. Market: +4.0% today ($342.33), -1.3% YTD, 1.1x vol — as of 09:45 UTC Coverage: 5 outlets in 24h

OpenAI (OPAI.PVT) intends to buy AI computing chips from Alphabet's Google (GOOG), per a person familiar with the matter. Final terms of any deal are not yet known, and both companies declined to comment.

The move reflects OpenAI's multipronged bid to quickly add AI processing power, alongside plans to use its own chips later this year, and adds to companies challenging Nvidia's dominance. Market: +4.0% today ($342.33), -1.3% YTD, 1.1x vol — as of 09:45 UTC