Privately held tech firms have spent the past year slashing their internal valuations, but a modest recovery among public tech stocks could reverse the trend. Instacart recently boosted its common stock price 18% due partly to the stock appreciation of some of its publicly traded peers, The Information reported. The grocery delivery firm has been waiting for the better part of a year for an...
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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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