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Alphabet says Spotify, Paramount sign to use new cloud chip

Traders work on the floor of the NYSE in New York

A screen displays the logo of Spotify on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo

 BRENDAN MCDERMID

By Stephen Nellis

(Reuters) - Google Cloud, a unit of Alphabet Inc, said on Wednesday that Spotify Technology and Paramount Global are using a new chip that it designed with technology from Arm Holdings to power their streaming services.



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