Google is reportedly in advanced talks about renting Nvidia Blackwell chips from CoreWeave.

As reported by The Information, citing “two people briefed about the situation,” the search and cloud giant has also reached out to CoreWeave competitors to increase its access to AI chips.

While Google is one of the largest purchasers of Nvidia chips, the company has been struggling to get capacity online.

During Google’s latest earnings call, Google CFO Anat Ashkenazi said: “We exited the year with more demand than we had available capacity. So, we are in a tight supply-demand situation, working very hard to bring more capacity online. As I mentioned, we’ve increased investment in capex in 2024, continue to increase in 2025, and we’ll bring more capacity throughout the year.” He also noted that revenue is correlated to capacity deployment.

Capex for 2025 is expected to reach $75 billion, the majority of which will be spent on data centers, servers, and networking infrastructure.

These capacity constraints, according to The Information, have led to Google seeking out GPU rental agreements with others.

Both Google and CoreWeave declined to comment to The Information.

While the exact details of the reported agreement have not been shared, The Information reports that it is “significantly smaller” than Microsoft’s commitment of $10 billion in spending by the end of the decade with CoreWeave and OpenAI’s $12 billion five-year contract, though it could increase in future years.

The Information further reports that Google and CoreWeave are in “preliminary discussions” regarding a separate deal that could see Google lease space in CoreWeave data centers to house its homemade TPU chips.

Google, notably, was not listed as a customer by CoreWeave in its recent IPO filing. In the documents submitted to the SEC, the GPU cloud provider listed its major customers as including Cohere Inc, IBM, Meta, Microsoft, Mistral AI, and Nvidia.

Around 77 percent of CoreWeave’s revenue in 2024 was from its two largest customers, Microsoft being the largest and accounting for 62 percent of CoreWeave’s revenue that year.

The GPU cloud provider would certainly benefit from further diversifying its customer base. In early March 2025, reports emerged that Microsoft could be canceling some of its contracts with CoreWeave. While denied by CoreWeave, the company’s subsequent IPO came in significantly below previous expectations. Officially commencing trading on March 28 at $40 a share and a potential raise of $1.5 billion, previous speculation suggested the IPO could raise as much as $4 billion.

https://www.datacenterdynamics.com/en/news/google-in-talks-to-rent-nvidia-blackwell-gpus-from-coreweave-report/