Key Takeaways OpenAI has finalized a deal with Google to secure more computing capacity to train its AI models, Reuters reported.The deal comes despite competition between the companies' ChatGPT and Gemini large language models.

Under the new deal, Google Cloud will provide additional computing capacity to help OpenAI train and run its AI models. For OpenAI, the partnership addresses growing demands for computing power as the company's annual revenue reached $10 billion as of June, according to sources familiar with the matter who spoke to Reuters.

CoreWeave has emerged as a winner in Google's newly signed partnership with OpenAI, sources familiar with the matter told Reuters, in the latest example of the voracious appetite for computing resources in the artificial-intelligence industry and the formation of new alliances to meet them.