Alphabet stock pops on report it's developing a more efficient AI chip

Alphabet is developing a specialized AI chip called 'Frozen v2' that embeds parts of its Gemini model (a large language AI) directly into the hardware to run queries more efficiently, potentially serving 6-10 times more tokens (text units) per unit of power than current chips. The company aims to deploy it by 2028 to address internal computing shortages, though the chip would only work with future Gemini models if Google maintains the same underlying architecture.