35 AI News You Should Not Miss

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6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. The firm recently announced that it had entered into a non-exclusive cloud computing agreement with venture capital firm Sequoia Capital, as reported by Axios. This partnership enables Sequoia-backed AI startups to receive up to $500,000 in free cloud computing and training services from Google. In comparison, Google offers up to $350,000 in cloud credits to other AI startups, such as those associated with Y Combinator, providing them access to cutting-edge computing power through clusters of Nvidia GPUs and Google’s Tensor Processing Units (TPUs). Venture capital firms are highly focused on AI investments. Andreessen Horowitz, for example, has acquired thousands of NVIDIA H100 processors to secure AI-related deals. Sequoia itself has heavily invested in major tech companies like Google, NVIDIA, Apple, and Cisco, reinforcing its involvement in AI and cloud computing advancements.

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