This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL) shares climbed nearly 2% on Wednesday morning after Google unveiled a new round of cloud and artificial intelligence products at its Cloud Next event, including updated Tensor Processing Units and a new enterprise software platform.
Google said the latest chips include TPU 8t for training AI models and TPU 8i for inference, the stage where models make predictions. The company has used its custom chips for years as an alternative to Nvidia graphics processors, which remain the market standard for much of the AI buildout.
Google also introduced Gemini Enterprise Agent Platform, which replaces Vertex AI, and said it will continue offering Nvidia hardware through Google Cloud. In a separate move, Google and Nvidia said they will work together to bring Nvidia’s Vera Rubin chips to Google Cloud through Google’s next-generation A5X infrastructure.
