(Update with Google's response to a request for comment in the last paragraph.)
Alphabet's (GOOG, GOOGL) Google is working on a new server chip that will allow it to serve its AI models to users more efficiently, The Information reported Monday, citing two people with direct knowledge of the matter.
The tech giant intends to use the new chip to help address shortages in AI computing capacity, as Google workers project it could be 6 to 10 times more efficient than the latest version of its existing line of homegrown AI chips when it launches, the report said, citing the people.
"Our teams are constantly researching and experimenting with new innovations to deliver maximum performance and efficiency for our users and customers," a Google spokesperson said in a statement to. "While not every project moves into production, this rigorous exploration is central to our full stack approach."
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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