Posted 1/24/2024, 5:48:45 PM
Google Settles AI Chip Patent Dispute with Singular Computing for $1.67 Billion
- Alphabet (Google) settled a patent dispute with Singular Computing over AI chips for $1.67 billion
- The settlement was reached just as closing arguments were set to start in the trial
- Neither side disclosed details of the settlement
- The news comes as Google announced new AI-powered classroom tools like automatic video questioning
- Analysts have a Strong Buy rating on Alphabet stock with a $156.93 average price target, implying 5% upside