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A 10-Year-Old Google Chip Line Challenges Nvidia

TPUs could hold the secret to breaking Nvidia’s stranglehold on the market for AI computing power

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A chip first developed more than 10 years ago might be Google’s best shot at breaking Nvidia’s stranglehold on the exceedingly lucrative business of selling computing power to tech companies as they race to build AI platforms.

Nvidia shares fell almost 4% in premarket trading after The Information reported that Meta Platforms is in talks to spend billions on Google AI chips known as tensor processing units, or TPUs. Google owner Alphabet gained 4.2%, pushing its market value closer to $4 trillion.