14 AI News Investors Are Paying Attention To

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3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization: $2.2 Trillion

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 9, tech website Android Authority reported that the AI-capable Tensor processors developed by Google for the Pixel line of smartphones had failed to meet financial targets. The report highlights that the financial goal for the tech titan is about $65 per chip to make the business viable. For additional context, the tech website claims that Qualcomm’s latest flagship chips cost around $150. Google released the latest Pixel phones earlier this year. The phones feature the on-device artificial intelligent assistant Gemini Nano and an array of generative AI features.

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