OpenAI Plans to Buy Google AI Chips (TPUs)
OpenAI is reportedly in talks to purchase AI chips from Google, according to The Information — a striking cross-competitive move as compute scarcity intensifies across the industry.
What we know
An account on X broke the story from The Information, noting financial terms were undisclosed. Another account on X in stock trading reacted with 'DAMN.' The backdrop is GPU compute going into contango — another account on X quotes Atreides CIO Gavin Baker saying 'the price to rent a GPU has gone up every single day in October' and portfolio companies are 'shocked by how much more they have to pay in the future.' SK Hynix separately confirmed HBM output is fully committed through 2029, reinforcing the supply crunch narrative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.