Google Parent Alphabet Avoids $1.67B Lawsuit Over AI Chip Patent
Portfolio Pulse from Ananya Gairola
Alphabet Inc. (GOOG, GOOGL) has settled a $1.67 billion patent lawsuit with Singular Computing regarding AI chip technology. The lawsuit, initiated in 2019, accused Google of using Singular's technology in its Tensor Processing Units. The terms of the settlement are undisclosed. This settlement occurs during a time of significant changes in Google's AI division, including Alphabet's recent split from its Australian AI training partner, Appen.
January 25, 2024 | 2:57 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alphabet Inc. has settled a patent lawsuit concerning AI technology, avoiding a potential $1.67 billion payout. The terms of the settlement are not public.
The settlement of the lawsuit is likely to be viewed positively by investors as it removes the uncertainty and potential financial burden of a $1.67 billion lawsuit. However, the undisclosed terms and the recent split from Appen may temper the positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. has settled a patent lawsuit concerning AI technology, avoiding a potential $1.67 billion payout. The terms of the settlement are not public.
The settlement of the lawsuit is likely to be viewed positively by investors as it removes the uncertainty and potential financial burden of a $1.67 billion lawsuit. However, the undisclosed terms and the recent split from Appen may temper the positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100