Google doesn't pay the Nvidia tax. Its new TPUs explain why.

Every frontier AI lab right now is rationing two things: electricity and compute. Most of them buy their compute for model training from the same supplier, at the steep gross margins that have turned Nvidia into one of the most valuable companies in the world. Google does not. On Tuesday night, inside a private gathering at F1 Plaza in Las Vegas, Google previewed its eighth-generation Tensor Processing Units. The pitch: two custom silicon designs shipping later this year, each purpose-built for