Google announced eighth-generation Tensor Processing Units (TPUs) at its Cloud Next '26 conference. The company also introduced custom Arm-based Axion CPUs to enhance AI training performance. These infrastructure updates aim to support the growth of the agentic Gemini era and the company's cloud business.
Google Cloud committed $750 million to a new fund for partner-led agentic AI development. A new partnership with Ulta Beauty will launch Gemini-powered AI shopping experiences. The company also expanded AI infrastructure support for Thinking Machines Lab.
Alphabet shares rose 1.7% following these announcements.