00:00Alphabet shares jumped after reports that Google is developing a new generation of AI chips
00:05designed to deliver more computing power while using less energy.
00:09The effort could reduce the company's dependence on outside chip suppliers
00:13and strengthen its position in the increasingly competitive AI race.
00:17Investors welcomed the prospect of lower costs and greater efficiency
00:21as tech giants continue pouring billions into AI infrastructure.
00:25The report gave Alphabet stock a notable boost as markets looked ahead
00:29to the company's next wave of AI investments.
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