Apple became the first publicly traded U.S. company to reach a $3 trillion market capitalization when shares of the technology giant hit nearly $183 on Monday afternoon. The company’s market value has more than tripled after hitting pandemic lows in March 2020. Apple’s business has boomed since then, with the company generating $365 billion in revenue during its fiscal year that ended in...
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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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