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.

Cloud for the generative artificial intelligence company's computing needs, Reuters reported.  Google shares rose 2.5% in late morning trading. The deal, which had been discussed for a few months, was finalized in May,