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OpenAI plans to buy AI chips from Google, Alphabet shares rise
Original: Bloomberg: #Alphabet gains 1.2% in premarket trading. #OpenAI intends to buy #AI computing #chips from #Google , a perso
Alphabet rose 1.2% in premarket trading after Bloomberg reported, citing a person familiar with the matter, that OpenAI intends to buy AI computing chips from Google. The news marks a notable shift, with OpenAI — a rival to Google in AI — tapping Google's chip business, and investors reacted quickly to the report.
Why now: The report signals an unexpected business deal between AI rivals OpenAI and Google, moving Alphabet's stock.
Evidence
- Bloomberg: #Alphabet gains 1.2% in premarket trading. #OpenAI intends to buy #AI computing #chips from #Google , a person familiar with the matter said. · dbcurren.bsky.social@bsky.brid.gy · 2
API: https://socialmediatrends-api.osmike.com/v1/trends/4000177