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.

Google will provide OpenAI with additional computing capacity to help OpenAI train and run its AI models, the sources said. It is unclear if OpenAI will be using Google's in-house tensor processing units (TPUs), or if it will be using the cloud platform to solely access GPU capacity.