Latest news with #GoogleCloud
Economic Times
an hour ago
- Business
- Economic Times
OpenAI turns to Google's AI chips to power its products: The Information
Reuters OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centres, potentially boosting Google's tensor processing units (TPUs) as a cheaper alternative to Nvidia's graphics processing units (GPUs), the report said. As one of the largest purchasers of Nvidia's GPUs, OpenAI uses AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Both OpenAI and Google did not immediately respond to Reuters requests for comment. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Second only to L&T, but controversies may weaken this infra powerhouse's growth story Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? Why Sebi must give up veto power over market infra institutions These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts Are short-term headwinds from China an opportunity? 8 auto stocks: Time to be contrarian? Buy, Sell or Hold: Motilal Oswal initiates coverage on Supreme Industries; UBS initiates coverage on PNB Housing
Business Insider
an hour ago
- Business
- Business Insider
RKLB, IONQ: 2 Soaring Russell 2000 Stocks Still Rated as Strong Buys
Small-cap stocks Rocket Lab (RKLB) and IonQ (IONQ) have both posted explosive gains over the last 12 months, catching the attention of growth-focused investors. Yet despite their big rallies, Wall Street analysts remain bullish, maintaining strong buy ratings on these Russell 2000 stocks. Confident Investing Starts Here: Nonetheless, RKLB and IONQ represent classic high-risk, high-reward opportunities, appealing to investors with a strong appetite for volatility and long-term disruption. While their sharp rallies reflect massive growth potential, both companies operate in emerging, capital-intensive sectors where success is not guaranteed. Let's dive into the details. Is RKLB a Good Stock to Buy? Rocket Lab builds and launches small satellite rockets, including its flagship Electron and upcoming reusable Neutron rocket. Over the last 12 months, RKLB stock soared more than 640%. Most recently, RKLB shares gained almost 12% on Thursday after securing a deal with the European Space Agency to launch two satellites for its LEO-PNT test constellation. Looking ahead, rising global tensions continue to fuel demand for Rocket Lab's defense and surveillance satellite launches, reinforcing the company's long-term potential. Its Electron rocket caters to the growing market for small satellite deployments, while the upcoming Neutron rocket, designed for medium-lift missions, positions Rocket Lab to meet the increasing demand for affordable and dependable space access. Furthermore, analysts remain optimistic. Top-rated analysts at firms like Cantor Fitzgerald and Stifel Nicolaus are bullish on the Neutron rocket, calling its planned launch in the second half of 2025 a critical milestone. They view it as a major step toward Rocket Lab's broader ambition of becoming a fully integrated space company. What Is the Target Price for RKLB? According to TipRanks, RKLB stock has received a Strong Buy consensus rating, with nine Buys and three Holds assigned in the last three months. The average Rocket Lab stock price target is $30.20, suggesting a potential downside of 16.4% from the current level. It's worth noting that despite analysts' bullish ratings, the recent surge in share price has pushed RKLB stock above its average price target, implying a potential downside in the near term. Is IonQ a Good Stock Buy? IonQ is a leading quantum computing company focused on trapped-ion technology, delivering its systems through major cloud platforms. Its stock has surged over 470% in the past year, reflecting its standout position in the space. IonQ is ahead of the curve, having already sold quantum hardware to cloud giants like Amazon's (AMZN) AWS and Alphabet's (GOOGL) Google Cloud. The company's systems offer full qubit connectivity and an industry-best 99.9% two-qubit gate fidelity, which is an essential metric indicating the system's ability to perform calculations with minimal error. With increasing demand and additional system deployments on the horizon, IonQ is well-positioned for further growth. Turning to Wall Street, five-star-rated analyst David Williams of Benchmark Co. recently reiterated his Buy rating on IonQ and earlier this month raised his price target to $50. His bullish stance follows IonQ's announcement to acquire UK-based Oxford Ionics in a $1.075 billion deal. Benchmark analysts believe the acquisition will significantly enhance IonQ's leadership in trapped-ion quantum computing by integrating Oxford's advanced technology, expanding its technical edge and global market reach. What Is IonQ Forecast for 2025? According to TipRanks, four out of five analysts currently covering IONQ stock have issued Buy recommendations. Meanwhile, the average IonQ share price target of $43 suggests a 4.6% upside from current levels.
The Hindu
an hour ago
- Business
- The Hindu
OpenAI turns to Google's AI chips to power its products
OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday. The ChatGPT maker is one of the largest purchasers of Nvidia's graphics processing units (GPUs), using the AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house tensor processing units (TPUs), which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two ChatGPT-maker competitors launched by former OpenAI leaders. The move to rent Google's TPUs signals the first time OpenAI has used non-Nvidia chips meaningfully and shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centers. It could potentially boost TPUs as a cheaper alternative to Nvidia's GPUs, according to the Information, which reported the development earlier. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Google declined to comment while OpenAI did not immediately respond to Reuters when contacted. Google's addition of OpenAI to its customer list shows how the tech giant has capitalized on its in-house AI technology from hardware to software to accelerate the growth of its cloud business.
Time of India
2 hours ago
- Business
- Time of India
Google may be helping ChatGPT-maker OpenAI to reduce its dependency on Nvidia for AI chips
Representative Image OpenAI has started using Google 's artificial intelligence chips to power its ChatGPT and other products, a report claims. A report by the news agency Reuters cited a source familiar with the development who informed about this move, which suggests that the Microsoft-backed AI startup wants to bring diversification in its chip suppliers beyond Nvidia . The ChatGPT maker is recognised as one of the largest purchasers of Nvidia's graphics processing units (GPUs). OpenAI uses these AI chips for both model training and inference computing, which involves an AI model applying its knowledge to new information for predictions or decisions. Earlier this month, Reuters reported that OpenAI intended to add Google's Cloud service to meet its increasing demand for computing capacity. This collaboration represents a notable partnership between two prominent competitors within the AI sector. What does this move by OpenAI mean for Google As per the Reuters report, Google may have agreed to this OpenAI deal as it seems to expand external access to its proprietary tensor processing units (TPUs), which were previously used mostly for internal operations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo This shift has attracted clients such as Apple, along with startups like Anthropic and Safe Superintelligence, both founded by former OpenAI executives and seen as competitors to ChatGPT, the report adds. OpenAI's decision to lease Google's TPUs marks its first significant use of non-NVIDIA chips and reflects a move away from depending entirely on Microsoft's data centres, its main backer, the report adds. According to The Information, which first reported this move, claims that this development could position TPUs as a more cost-effective alternative to Nvidia's GPUs. The report also noted that OpenAI is using the TPUs via Google Cloud to help reduce inference costs. However, Google, which is a rival in the AI space, is not offering its most advanced TPU models to OpenAI, a Google Cloud employee told The Information. Adding OpenAI as a customer underscores how Google is leveraging its AI ecosystem, starting from hardware to software, to expand its cloud business. Both companies are yet to make official announcements about this reported deal.
Indian Express
2 hours ago
- Business
- Indian Express
OpenAI turns to Google's AI chips to power its products, says report
OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday. The ChatGPT maker is one of the largest purchasers of Nvidia's graphics processing units (GPUs), using the AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house tensor processing units (TPUs), which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two ChatGPT-maker competitors launched by former OpenAI leaders. The move to rent Google's TPUs signals the first time OpenAI has used non-Nvidia chips meaningfully and shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centers. It could potentially boost TPUs as a cheaper alternative to Nvidia's GPUs, according to the Information, which reported the development earlier. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Informayion said, citing a Google Cloud employee. Google declined to comment while OpenAI did not immediately respond to Reuters when contacted. Google's addition of OpenAI to its customer list shows how the tech giant has capitalized on its in-house AI technology from hardware to software to accelerate the growth of its cloud business.
