Alphabet Inc. (GOOGL.US), the parent company of Google, rose 1.5% on Monday (20th) after The Information reported that the company is developing a new server chip internally codenamed "Frozen v2" to run Gemini models more efficiently.

The chip will permanently embed certain Gemini architecture functions into the silicon chip to reduce the amount of computation and data movement required to respond to queries, according to the report.

The company reportedly aims to deploy the chip in 2028, with the project intended to ease severe internal computing capacity shortages, which have reportedly wrought internal tensions and forced Google Cloud to reject some external business.
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AASTOCKS Financial News
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