CNBC's Deirdre Bosa joins 'Money Movers' with the latest Tech Check.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

Alphabet shares reached all-time highs after the company launched its new AI model, Gemini 3.0, which is now leading industry benchmarks. The model was trained and is being served entirely on Google's custom tensor processing units (TPUs), marking a first for a system of this scale and giving Google greater control over costs and capacity amid ongoing GPU shortages.

Other major tech companies, including Anthropic, Apple, OpenAI, and Meta, are also increasing their use or testing of TPU infrastructure. While NVIDIA's GPUs remain in high demand, the growing adoption of TPUs could reduce NVIDIA's dominance in the long term and allow AI developers more independence. Alphabet is now the best-performing Magnificent 7 stock this year and remains attractively valued compared to its peers.

Alphabet shares surge after the release of Gemini 3.0

Chairs of Alphabet hitting all-time highs today, fueled by its launch of the new AI model, Gemini 3, which is now topping the leaderboards. Deirdre Bosa has more in today's tech check. Four percent rise here, Deirdre. Yeah, a big one. So what makes Gemini 3.0 all the more remarkable is the central role of Google's own custom chips, tensor processing units, or TPUs. Now, Gemini 3 was entirely trained on them, not NVIDIA's GPUs. And that is really a first at this level. For years, TPUs, they've been seen as this powerful but niche tool that only Google could really use. This model shows that they're now capable of training a true frontier system at global scale. Now, not only is Google using TPUs for training, but it's also serving the model on them. That's the inference piece, which gives Google tighter control over cost and capacity at a time when the entire industry is still scrambling for GPUs. Now, another major model builder, because this isn't just Google, Anthropic, it's already expanding its use of TPUs, committing to as many as a million of them over the next few years, worth tens of billions of dollars. Apple, OpenAI, Meta, they're also using or testing TPU infrastructure in some capacity. Now, this doesn't mean that GPU demand suddenly slows or NVIDIA gets displaced, but it does suggest that NVIDIA gets a little less dominant in the longer run, and model builders could start to operate with more independence. This is also bullish for Broadcom, Google's longtime ASIC design partner. Now, TPUs, they've also become a kind of symbol of the bullish Google case itself. The idea that the company is finally aligning its technical depth with real execution. This is a shift that has coincided with co-founder Sergey Brin reengaging on the day today and the return of Noam Shazir. These are two people who helped define Google's early AI edge. The market certainly reflecting that. Alphabet, now the best performing Mag 7 stock this year, and yet I want to pull up the valuations. It is still the second cheapest of this group on a forward price to earnings basis. Maybe something Berkshire Hathaway saw, guys. Deidre, we talked yesterday about the comments that Pichai gave to the BBC. Yesterday, it was the head of DeepMind giving a talk about bubbles in the private credit market. I wonder if you think they actually believe it, or if they're just trying to scare others from investing more and feeding that competition. I was just discussing this with TechCheck producer Jasmine. We were saying, you know, what could be behind this? One after another. We also sort of noted that that was interesting because they're obviously major players here, big spenders. Maybe this idea that it could hurt some of their competitors that are less well-capitalized, like, say, an open AI, who they're now competing a lot more closely with on the consumer side in terms of active users. We know that open AI is raising ever more money to develop the models. Google has this legacy business. I'm not saying that, but it's interesting to speculate that Google could weather, you know, a deflating of the bubble much better than some of its rivals. Okay, Deidre, thank you. Deidre Bosa.

U.S. President Donald Trump has authorized a plan for the CIA in Venezuela, according to a New York Times report. CBS News' Charlie D'Agata has more details.

Washington

Trump authorizes plans for CIA covert operation in Venezuela: report

An Israeli strike on the Ain al-Hilweh Palestinian refugee camp in southern Lebanon killed 13 people and wounded several others, the Lebanese Health Ministry said Wednesday. The Israeli military said it struck Hamas militants who it said were operating in a training compound there.

Beirut

Middle East Conflict

Israeli strike on Palestinian refugee camp in Lebanon kills 13

The Epstein files bill is expected to reach President Donald Trump's desk for his signature on Wednesday (November 19). CBS News' Taurean Small reports.

Trump set to sign bill to release Epstein files

Microsoft and Nvidia plan to invest a combined $15 billion into Anthropic. Bloomberg Intelligence's Mandeep Singh discusses why two of the biggest backers of OpenAI are putting money into its rival.

San Francisco

Microsoft, Nvidia to invest up to $15 billion in Anthropic

Hamas rejects the US-drafted UN resolution for a Gaza ceasefire and international stabilisation force.

New York

UN Security Council vote: Hamas rejects Gaza 'peace resolution'

President Trump welcomed Saudi Crown Prince Mohammed Bin Salman to the White House on Tuesday. The two leaders announced a boost in Saudi Arabia's planned investment in the U.S., from $600 billion to nearly $1 trillion.

Trump, MBS announce boost in Saudi investment to U.S.

President Donald Trump hosted Crown Prince Mohammed bin Salman at the White House on Tuesday, with the Saudi de facto ruler seeking to further rehabilitate his global image after the 2018 killing of U.S.-based journalist Jamal Khashoggi and deepen ties with Washington.

Trump hosts Saudi crown prince for pomp-filled, deal-making visit

The Senate, through the process of unanimous consent, agreed to send the bill to President Trump's desk for his signature without any amendments once it's received from the House.

Senate to send Epstein files bill to Trump's desk for signature

The House has approved a bill that would require the Justice Department to release files related to convicted sex offender Jeffrey Epstein. The bill, which received bipartisan support, now awaits consideration in the Senate.

House passes bill that would force release of Jeffrey Epstein files

Hopes for a strong G20 declaration on climate and debt relief are slim as South Africa readies to host the summit from Saturday (November 22). Global tensions and a boycott by the United States threaten to overshadow the gathering.

Johannesburg

South Africa readies for G20 despite U.S. boycott

At least one person is dead and three others were injured after an attack in the West Bank, Israeli forces said. Meanwhile, the United Nations Security Council backed the U.S. plan for Gaza. CBS News' Ramy Inocencio has the latest.

Jerusalem

Tensions escalate as U.N. Security Council backs Trump's plan for Gaza

U.S. President Donald Trump will host Saudi Crown Prince Mohammed bin Salman at the White House, his first visit since Washington Post journalist Jamal Khashoggi was killed in 2018. The crown prince has denied any involvement.

Saudi Crown Prince Mohammed bin Salman visiting White House

The sale of the fighter jets is one of several major deals between the two countries expected to be announced during the visit.

Trump says he will sell F-35 jets to Saudi Arabia

The U.K. government has proposed a major overhaul of its asylum rules, making it easier to deport people and quadruple the amount of time it takes to become a permanent resident.

London

U.K. introduces tougher laws for asylum seekers

In a blistering opinion, a federal judge in Virginia accused Justice Department prosecutor Lindsay Halligan of misconduct, saying there was a "disturbing pattern of profound investigative missteps."

Virginia

DOJ accused of 'profound investigative missteps' in Comey case

The United Nations Security Council has voted to adopt a U.S. resolution outlining President Trump's peace plan for post-war Gaza. CBS News senior foreign correspondent Holly Williams has the details.

U.N. Security Council adopts U.S. resolution on Gaza plan

The aircraft carrier USS Gerald Ford has arrived in the Caribbean, giving the United States the ability to strike inside Venezuela if President Trump gives the order. The U.S. has also sent thousands of troops to the region.

Trump 'won't rule out' sending troops to Venezuela amid rising tensions

President Trump now says Republicans should vote to release all of the files related to the federal investigation into convicted sex offender Jeffrey Epstein. CBS News' Olivia Rinaldi and Nikole Killion have the latest on what could happen next.

Trump's Epstein files reversal comes amid pressure from allies

Poland's Prime Minister Donald Tusk has called an explosion on a railway line “an unprecedented act of sabotage.” Donald Tusk did not say who he believed had carried out the attack, but a government minister said "foreign intelligence agencies" were responsible.

Warsaw

Railway line blast in Poland ‘unprecedented act of sabotage’

Ukrainian President Zelenskyy signed a landmark deal in Paris on Monday to buy 100 Rafale jets, drones, and air defense systems from France.

Paris

Ukraine signs deal with France for jets, air defense systems

The Federal Aviation Administration ended mandated cuts in domestic flights at 40 major U.S. airports, easing restrictions that had been imposed over air traffic control concerns during the federal shutdown.

FAA ends mandated cuts in domestic U.S. flights

Israeli Prime Minister Benjamin Netanyahu vowed to oppose any attempt to establish a Palestinian state, a day before the UN Security Council will vote on a U.S.-drafted resolution on Gaza that leaves the door open to Palestinian independence.

Tel Aviv-Yafo

Netanyahu insists there can be no Palestinian state ahead of UN vote

A Bangladesh court sentenced ousted Prime Minister Sheikh Hasina to death for crimes against humanity on Monday (November 17), concluding a months-long trial that found her guilty of ordering a deadly crackdown on a student-led uprising last year.

Dhaka

Bangladesh's ousted PM sentenced to death for protest crackdown

President Donald Trump now appears to support the release of all Jeffrey Epstein files as the House of Representatives readies for a vote on the matter. CBS News' Natalie Brand reports.

House vote on Epstein files expected Tuesday

In the latest round of the Trump administration's sweeping immigration raids, federal agents arrested 81 people in Charlotte, North Carolina, on Saturday alone. In videos posted online, some who were detained said they do have legal status.

Charlotte

ICE detains dozens in Charlotte

If the bill passes, the U.S. Justice Department would be required to release all files and communications related to Epstein, as well as details about the investigation into his death in federal prison.

Trump calls on House Republicans to vote to release Epstein files

Chile heads to a December runoff after Sunday's presidential vote left no clear winner. Leftist Jeannette Jara and far-right José Antonio Kast will now face off in a race dominated by concerns over crime and migration.

Santiago

Chile leftists advance to next month's presidential runoff

Construction work of a concrete wall continued on the Israeli side of southern border with Lebanon, despite the Lebanese presidency's threat to complain to the U.N. Security Council over the wall's extension into Lebanese territory.

Israel constructs wall along Lebanon border

Venezuelan President Nicolas Maduro slammed planned joint military exercises by the United States and its ally Trinidad and Tobago as "irresponsible," with Washington increasing its armed presence in the Caribbean.

Caracas

Maduro denounces US military exercises

Despite U.S. President Donald Trump's repeated attempts to kill the effort to release federal files related to Jeffrey Epstein, House Republican leaders are planning to hold a vote this week on legislation to force the issue.

Alphabet shares surge after the release of Gemini 3.0

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Rise of AI