- Shares of memory companies were highlighted on Wednesday as Google (NASDAQ: GOOG ) ( GOOGL It mentioned that its new AI hypercomputer will operate using its most recent memory-intensive tensor processing unit.
- Micron Technology (NASDAQ: MU ) shares increased by 16.8% during after-hours trading, while Samsung’s American Depositary Receipts also saw an increase. OTCPK:SSNLF and SK Hynix ( OTCPK:HXSCF ) were little changed.
- Google stated in a blog post, "Our newly developed seventh-generation TPU, named Ironwood, is tailored exclusively for thought processes and inferential artificial intelligence models." referencing Its newest TPU. "Ironwood provides five times greater peak computing capability and six times the amount of high-bandwidth memory (" HBM ) capacity relative to the previous generation of TPU."
- According to research firm TechInsights, Micron, Samsung, and SK Hynix predominantly dominate the memory market.
Further details about Alphabet and manufacturers of memory chips
- Micron Technology: It's Not Finished Yet
- Micron Technology: I’m Increasing My Stake
- You’re Not Likely to Find Alphabet at a Lower Price Than This
- Reddit uses Google Gemini to drive searches on 'Reddit Answers.'
- Samsung teams up with Google to introduce Gemini into its artificial intelligence robotic assistant.