Nvidia Corp. shares declined after a report indicated that Meta Platforms Inc. is in advanced talks to spend billions of dollars on Google’s artificial intelligence chips, signaling progress in Google’s push to challenge Nvidia’s dominance in the market for AI accelerators.

Meta is discussing the use of Google’s tensor processing units, or TPUs, in its data centers starting in 2027, The Information reported, citing a person familiar with the matter. The report also said Meta may rent Google chips through the company’s cloud division as early as next year.