Alphabet(US:GOOG) Hua Yuan Zheng Quan·2025-04-15 06:30Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights the rapid advancements in AI capabilities and the introduction of new models and protocols by Google during the 2025 Cloud Next conference, emphasizing the practical significance of the Agent2Agent (A2A) protocol for enhancing the application of AI agents across various scenarios [5][6] - The introduction of the seventh-generation TPU chip, Ironwood, significantly boosts AI inference capabilities, with peak performance reaching 42.5 EFLOPS, which is over 24 times that of the El Capitan supercomputer [16][15] Summary by Sections Google Cloud Next 2025 Conference - Google announced the launch of multiple AI models and tools, including the Gemini 2.5 Flash model, which features low latency and cost-effectiveness, and the A2A protocol that allows agents to collaborate on complex tasks [6][10] - The new models include Veo 2 for video generation, Lyria for music generation, Chirp 3 for voice synthesis, and Imagen 3 for image generation, all showcasing significant improvements over previous versions [7][8] A2A Protocol and Agent Ecosystem - The A2A protocol is designed to facilitate communication between different AI agents, enhancing their ability to work together and solve tasks, similar to how departments within a company collaborate [10][11] TPU Ironwood Release - The Ironwood TPU chip features 9216 chips with a peak FP8 performance of 4614 TFLOPS, and its energy efficiency is 30 times that of the previous TPU V2, making it suitable for handling larger models and datasets [16][17]