(Bloomberg) -- At the I/O developer conference last year, Google debuted its first chip. The company kept the component mostly for internal artificial intelligence needs. Today, version two arrived -- and Google is selling this one.

Chief Executive Officer Sundar Pichai announced the new chip on Wednesday during a keynote address at the Alphabet Inc. unit’s annual I/O event. Normally, the gathering focuses on mobile software. This year’s spotlight on hardware underscores Pichai’s effort to transform the search giant into an "AI-first" company and a real cloud-computing contender.

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