After a long wait, Robinhood filed with the U.S. Securities and Exchange Commission for an initial public offering on Thursday. The Menlo Park-based commission-free stock trading app is expected to start trading later this month on the Nasdaq under the ticker symbol “HOOD.” Annual revenue for the 8-year-old company reached $959 million last year, up from $278 million the year prior. In the...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort. In that scenario, Google would fully design the chips, known as tensor processing units, in-house, the person said. The move could help Google save billions of dollars in costs annually as it invests heavily in...
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