Alphabet‘s (GOOGL) cloud computing event on Tuesday is expected to tout artificial intelligence partnerships and products that could give a boost to Google stock. Google announced a custom AI chip using Arm Holding‘s (ARM) semiconductor architecture and expanded its cloud alliance with cybersecurity firm Palo Alto Networks (PANW).
technology giants like Amazon and Tesla are integrating humanoids into their workspaces. However, a debate about the usefulness of humanoid robots vs. task-specific droids is also getting into gear.” vid-name=”Humanoid Robots: How Artificial Intelligence Could Soon Make This Technology A New Normal In The Workplace” vid-cat=”Industry Insights” vid-date=”04/08/2024″ vid-date-tmsp=”1712571738″ vid-image=”https://www.investors.com/wp-content/uploads/2024/04/qvBg9LTS-640×360.jpg” vid-authors=”MEREDITH HEYMAN”>
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Also, the Google Cloud Next event runs from April 9 to April 11.
On the cloud infrastructure front, Google unveiled a new “A3 Mega” AI processor using Nvidia‘s (NVDA) H100 technology. Google said it plans to use Nvidia’s next-generation Blackwell platform in early 2025.
On Google’s  blog, cloud chief executive Thomas Kurian also announced Google’s first custom AI chip using Arm’s AI architecture. The Google Axion, Arm-based device is designed for computer servers in high-performance internet data centers. Google plans to sell the custom, Arm-based AI chip to external customers.
On the stock market today, Google stock rose 1% to 156.42 in early trading. Shares in Arm rose 2.9% to near 133.
“Today, we are announcing new or expanded partnerships with Bayer, Cintas, Discover Financial (DFS), IHG Hotels & Resorts, Mercedes-Benz, Palo Alto Networks, Verizon Communications (VZ), (advertising firm) WPP, and many more,” said Kurian in the blog.
Other customers expected to take part in the event include Walmart (WMT), Ford (F), Deloitte, and Wayfair (W).
Google Stock: Gemini Licensing Key
Amid the emergence of generative AI, tech companies are racing to build training models that use proprietary company data. Google aims to license its Gemini large language model to enterprises and governments globally.
In addition, Google and Palo Alto Networks are forging closer ties.
Further, Palo Alto Networks on Tuesday said it has “extended and increased its commitment to Google Cloud with a 10-figure, multiyear commitment and by naming Google Cloud its AI and infrastructure provider of choice.”
In June 2018, Palo Alto brought in Nikesh Arora, a former top executive at Alphabet, as its chief executive to make strategic changes.
Through acquisitions, Palo Alto Networks has expanded from firewall network security into endpoint security and vulnerability management. Endpoint tools detect malware on laptops, mobile phones and other devices that access corporate networks.
Google Cloud Vs. Amazon And Microsoft
Meanwhile, Google first quarter earnings are due in late April.
In the December quarter, Google said cloud-computing revenue rose nearly 26% to $9.19 billion, topping estimates of $8.94 billion. Google’s cloud-computing business posted 22% growth in the September quarter.
Also, Microsoft‘s (MSFT) generative AI partnership with startup OpenAI has given its cloud computing business a boost. Amazon Web Services, part of Amazon.com (AMZN), is the biggest provider of cloud services.
Further, Google stock has advanced nearly 11% in 2024. Also, Google moved back into a buy zone on Monday with an entry point of 153.78.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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