AI Chip Battle Intensifies: Google's TPU Gains Pressure Nvidia, Reshaping Tech Stocks

Nvidia claims to be 'a generation ahead' of Google's AI chips, responding to reports of Meta considering Google's TPUs. This rivalry is impacting stock performance, with Nvidia's stock falling and Alphabet's climbing.

Separately, HP Inc. announced plans to cut 4,000 to 6,000 jobs by fiscal 2028, aiming to offset losses with AI tools and save $1 billion annually.

In the music AI sector, Suno has partnered with Warner Music Group to settle copyright litigation, allowing licensed use of WMG music with artist opt-in. Other news includes TSMC and Intel in a trade secrets dispute, TikTok hiring a new public policy head, Klarna launching a stablecoin, and Alibaba beating revenue estimates driven by AI and cloud growth.