Google to Release New AI Chips, Challenging Nvidia | Bloomberg Tech 4/20/2026

Dedicated inference chip unveiling

Google will announce a new processor specialized for inference workloads at its Las Vegas event this week, splitting from its current combined training/inference chip design.

Supply chain shift to Marvell

The company is reportedly in talks with Marvell for future TPU production, diversifying from Broadcom as it struggles to meet demand from frontier labs.

Major customer deals signed

Meta signed a multibillion-dollar multi-year contract for TPUs and is receiving its first shipments, while Anthropic and Citadel remain key customers facing supply shortages.

Vertical integration advantage

Google uses data from its internal Gemini model teams to optimize chip precision and utilization, offering optimization capabilities that pure chipmakers cannot match.

Booster reuse milestone achieved

New Glenn successfully landed its reusable booster for the first time, validating a core component of the company's business model.

Payload placement failure

The rocket placed an AST SpaceMobile satellite in an incorrect low orbit without sufficient thrusters to self-correct, causing the customer's shares to plunge despite insurance coverage.

Ambitious flight cadence targets

CEO Dave Limp stated the company aims for 8-12 flights this year, up from two last year, citing indefinite sold-out demand if weekly launches were possible.

Space tourism paused for lunar focus

Blue Origin paused its New Shepard tourism program for two years to redirect resources toward the Artemis lunar mission program.

Siri interface redesign revealed

WWDC teaser imagery reveals a new Siri interface featuring a glowing cursor and updated typography, replacing the old orb design.

Gemini-powered backend

The revamped assistant uses Gemini model technology to communicate with Apple's own models and analyze on-device data for improved action-taking capabilities.

Standalone chatbot app planned

Apple plans to launch a standalone Siri chatbot app and a Perplexity competitor for web search summaries, moving beyond simple command execution.

Tech rally hits geopolitical headwinds

The NASDAQ 100's 13-day winning streak ended as President Trump indicated the Iran cease-fire would likely not extend, raising supply chain concerns.

Supply constraints vs. spending fears

Despite concerns over $650 billion in hyperscaler AI infrastructure spending, actual chip shortages remain the primary limiting factor for growth.

Investment strategy remains constructive

Portfolio manager Anna Rathbone advises staying invested in hyperscalers while hedging with manufacturing and industrial sectors exposed to data center buildouts.