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Stock impact report

Google Enlists Meta To Cut Nvidia Reliance [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
Google is teaming up more closely with Meta Platforms Inc (NASDAQ: META ) as it looks to rely less on Nvidia Corp (NASDAQ: NVDA ) for powering artificial intelligence. The company is working on software changes that make its own chips easier to use with PyTorch , the tool most AI developers already rely on, Reuters reported on Wednesday. Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it Meta plays a central role in this effort. As a major backer of the AI tools developers use, Meta is collaborating with Google and gaining greater access to Google's chip infrastructure. Google plans to use this setup both for its own AI services and for cloud customers. The move adds pressure to Nvidia as competition in AI hardware intensifies. Nvidia recently said its widely discussed $100 billion potential deal with OpenAI remains nonbinding and emphasized that its sales outlook does not depend on that agreem Show less Read more
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