Rumors of a deal brewing between Google and Meta could be worth billions. The social-media giant is said to be keen to rent and buy Google's AI chips starting as soon as 2026, and could help Google expand its share of the AI chip business considerably.

The internet giant has released new AI software and struck deals, such as a chip tie-up with Anthropic PBC, that have reassured investors the company won’t easily lose to ChatGPT creator OpenAI and other rivals.

Thus far, Nvidia's graphics processing units ( GPUs) have been the go-to hardware for training and running advanced AI models. The competitive edge provided by the company's high-end processors has allowed the business to command stellar pricing power and deliver a run of record-breaking earnings growth.

Good morning, tech fam; here are some quick tech updates for you to catch up on! What’s New Today: Meta and Google explore a major AI chip deal that could boost

Nvidia shares plummeted over 3% after reports emerged that Meta Platforms is negotiating to spend billions on Google's AI chips, signaling a significant challenge to Nvidia's dominance in the AI chip market.