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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.

OpenAI has quietly inked a deal with Google to tap its cloud computing infrastructure to deliver AI services, a source familiar with the arrangement confirmed to Axios. Why it matters: The deal, which follows the $500 billion Stargate project with Oracle and SoftBank,