Google takes another piece of Nvidia, Amazon AI cake

Core Insights - Google has successfully navigated a significant legal challenge, avoiding the requirement to sell its Chrome or Android platforms, although it plans to appeal the ruling [1] - Google is actively collaborating with competitors in the AI sector, exemplified by a six-year partnership with Meta valued at over $10 billion for cloud services [2] - The demand for computing power in AI is increasing, benefiting Google as companies like Anthropic expand their use of Google Cloud's infrastructure [3][4] Company Developments - Google and Anthropic have expanded their partnership, with Anthropic increasing its use of Google Cloud's Tensor Processing Units (TPUs) and gaining access to over 1 GW of power by 2026 [4][5] - Anthropic's decision to utilize Google Cloud's AI infrastructure for model training reflects the efficiency and performance of Google's TPUs [5][6] - Despite its commitment to Amazon, Anthropic's collaboration with Google indicates a strategic diversification in response to the capacity-constrained AI market [7] Financial Outlook - Bank of America has raised its price target for Alphabet to $280, while adjusting Q3 revenue estimates to $86 billion (up 1%) and lowering EPS estimates to $2.17 (down 8%) ahead of the earnings report on October 29 [8]