Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I.

Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I.

Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I.

A small start-up in Boston has an oddball idea for a fast and efficient processor for artificial intelligence that could just work: Let there be light.

More specifically, Lightmatter’s chip includes an optical component called a Mach-Zehnder interferometer instead of a more common multiplier-accumulator, or MAC, unit. The swap is intended to circumvent limits facing today’s chips.

Lightmatter just picked up its first backing from a corporate investor: GV, a venture arm of Google parent company Alphabet. It’s a sign that there’s room for another type of hardware that could speed up AI, which is being eyed in several fields beyond technology, like retail and health care.

There was some skepticism when investors first heard the idea. “Prove to me this is actually more than a science project,” Lightmatter’s co-founder and chief operating officer, Thomas Graham, said, recalling the sentiment. But now the team is getting validation from one of the top technology companies in the world.

The big question is how long it will take for Lightmatter — which has 23 employees — to release its first chips.

“This is definitely not a longer-term, five- to-10-years thing. This is coming soon,” Harris said. He would not provide a more specific timeline.

GV has just one limited partner providing funds for investments — Google’s parent company, Alphabet. As a result, the company can make longer-term bets without worrying about returning funds to limited partners.

“We do have more patient capital than do other typical VCs,” said GV general partner Tyson Clark.

Clark said there is some risk in working with silicon photonics, as it’s not as staid as traditional semiconductor technology. But he said that the demand for this type of computing power will only increase in the future, and the world is starting to run into constraints with standard computing systems.

He said he’s happy to help out by introducing Lightmatter to the people who work on Google’s public cloud. And he wouldn’t have a problem talking about the start-up with people at larger clouds, such as Amazon Web Services and Microsoft Azure.

“I want this company to succeed and stand alone as the next Intel or Nvidia, and I will use whatever relationships I have anywhere to do that,” Clark said.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1,095.06.

The projected upper bound is: 1,168.17.

The projected lower bound is: 1,052.93.

The projected closing price is: 1,110.55.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 35.8823. This is not an overbought or oversold reading. The last signal was a buy 8 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 53.30. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 90 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -7. This is not a topping or bottoming area. The last signal was a sell 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -0.970 at 1,109.400. Volume was 22% below average (neutral) and Bollinger Bands were 30% narrower than normal.

Open High Low Close Volume___
1,116.0001,118.5401,107.2701,109.400 1,413,061

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1,112.10 1,073.88 1,122.11
Volatility: 19 35 32
Volume: 1,213,447 1,670,277 1,626,379

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 1.1% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GOOG.O and have had this outlook for the last 0 periods.

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