Google settles AI-related chip patent lawsuit that sought $1.67 billion

FILE PHOTO: The Google logo is seen on the Google house at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024. REUTERS/Steve Marcus/File Photo

(Reuters) -Google on Wednesday reached a settlement in a patent infringement lawsuit over chips that power the company's artificial-intelligence technology, according to a filing in Massachusetts federal court.

The settlement comes the same day that closing arguments were scheduled to begin in a trial on Singular Computing's lawsuit, which had sought $1.67 billion in damages for Google's alleged misuse of its computer-processing innovations.