Google launches new AI chips and $750M fund to push AI agents into enterprise work — testing whether the company can justify its valuation as competition intensifies

Google announced TPU 8t and TPU 8i chips (custom processors designed to run AI models faster and cheaper) and a unified Gemini Enterprise Agent Platform at its Cloud Next conference. The company is also deploying a $750 million fund to help businesses adopt AI agents — AI systems that make decisions and take actions without human instruction for each step — and signed partnerships with Deloitte, Salesforce, Merck, Ulta Beauty, and Oracle to embed these tools into real operations.

The new chips and agent platform let businesses automate multi-step workflows: instead of a person manually feeding data into tools, an AI agent reads a request, pulls information from databases, decides next steps, and executes them. For example, a Deloitte consultant could ask the agent to analyze client data across systems and generate a report—work that previously required hand-offs between tools.

For business professionals: if your company adopts these tools, routine tasks (data gathering, report generation, scheduling) could shift from your to-do list to AI, freeing time for strategy and judgment calls. For Alphabet investors: the company is betting that selling these AI agents to enterprises—not just search ads—can justify a trillion-dollar valuation as Microsoft, Amazon, and others race to own the same market.