The Rundown Meta in Talks to Spend Billions on Google's TPU Chips, Trump Signs Order for AI 'Manhattan Project'
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Nov 25, 2025 The latest market rally sparks hope for a Fed rate cut in December. Despite this, the crypto market struggles with Bitcoin and Ethereum hitting six-month lows. Big news as Meta considers renting or buying Google's TPU chips, taking aim at NVIDIA's AI chip stronghold. In a governmental leap, a new AI initiative called the Genesis Mission is unveiled, showcasing a federal approach to artificial intelligence. Meanwhile, retail giants like Abercrombie shine with record earnings, while Eli Lilly makes headlines as it first surpasses a $1 trillion market cap.
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Market Rally Fueled By Rate-Cut Hopes
- The market rallied with the S&P up 1.6% and the NASDAQ up 2.7% after Fed commentary.
- Zaid links the move to hawkish-to-dovish shift and rising odds of a December rate cut.
Google Emerges As Real AI Chip Rival
- Google could seriously challenge NVIDIA's dominance by selling TPUs to big tech customers starting in 2027.
- Meta discussing billions in TPU purchases signals potential broader industry migration away from NVIDIA GPUs.
TPUs Positioned As Cheaper, Scalable Option
- Google pitches TPUs as a cheaper alternative and plans to expand usage beyond Google Cloud into other data centers.
- Internal Google estimates claim they could capture up to 10% of NVIDIA's annual revenue, implying tens of billions at stake.