Posted 4/11/2024, 6:39:00 PM
Google Soars to Near $2 Trillion Value on AI Innovation Push
- Google parent Alphabet's market cap approaching $2 trillion, powered by AI innovation
- Alphabet stock hit 52-week highs, up over 15% in 2023 and 51% in last 12 months
- Google unveiled new AI chip and Arm-based CPU to compete with Nvidia, Microsoft, Amazon
- New Cloud TPU v5p trains large language models 3x faster than previous chip
- AI arms race heating up between Big Tech giants like Google, Nvidia, Microsoft, Meta