Google, Nvidia Collaborate On AI Expansion In Strategic Play Against Microsoft
Portfolio Pulse from Anusuya Lahiri
Google Cloud, a unit of Alphabet Inc, plans to expand its artificial intelligence (AI) technology enterprise offering, intensifying competition with Microsoft and OpenAI. The company will collaborate with Nvidia to make Nvidia's newest AI chips, the H100, available to Google Cloud customers. Google also plans to commercialize its large PaLM 2 model, which powers its generative AI features, and a suite of AI-powered tools for corporate Gmail accounts. The company's shares traded higher by 0.42% in premarket trading.
August 29, 2023 | 1:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Google plans to expand its AI offerings, which could drive growth in its cloud business.
The expansion of AI offerings could attract more customers to Google Cloud, driving revenue growth. The collaboration with Nvidia could also enhance the performance and capabilities of Google's AI offerings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia's newest AI chips, the H100, will be made available to Google Cloud customers.
The collaboration with Google could increase the demand for Nvidia's AI chips, potentially driving revenue growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Google's cloud unit, which is expanding its AI offerings, is still trailing behind Amazon's AWS.
While Google's expansion of its AI offerings could drive growth in its cloud business, it is still trailing behind Amazon's AWS. The impact on Amazon's stock is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Google's expansion of its AI offerings intensifies competition with Microsoft.
The intensified competition could put pressure on Microsoft's cloud and AI businesses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60