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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 30, 2025

    Featured image for article about Headlines

    -OpenAI said it has no active plans to use Google's in-house chip to power its products, two days after Reuters and other news outlets reported on the AI lab's move to turn to its competitor's artificial intelligence chips to meet growing demand. 

    A spokesperson for OpenAI said on Sunday that while the AI lab is in early testing with some of Google's tensor processing units (TPUs), it has no plans to deploy them at scale right now. 

    Google declined to comment.

    While it is common for AI labs to test out different chips, using new hardware at scale could take much longer and would require different architecture and software support. OpenAI is actively using Nvidia's graphics processing units (GPUs), and AMD's AI chips to power its growing demand. OpenAI is also developing its chip, an effort that is on track to meet the "tape-out" milestone this year, where the chip's design is finalized and sent for manufacturing.

    OpenAI has signed up for Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. Most of the computing power used by OpenAI would be from GPU servers powered by the so-called neocloud company CoreWeave.

    Google has been expanding the external availability of its in-house AI chips, or TPUs, which were historically reserved for internal use. That helped Google win customers, including Big Tech player Apple, as well as startups like Anthropic and Safe Superintelligence, two ChatGPT-maker competitors launched by former OpenAI leaders.

    (Reporting by Krystal Hu in New York and Kenrick Cai in San Francisco; Editing by Kenneth Li and Lisa Shumaker)

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