If Google’s AI researchers had a sense of humor, they would have called TurboQuant, the new, ultra-efficient AI memory compression algorithm announced Tuesday, “Pied Piper” — or, at least that’s what ...

Google's new AI compression algorithms, including TurboQuant, promise to slash memory needs by up to six times without sacrificing accuracy, triggering a sharp selloff in memory and storage stocks.

Google's memory-compression algorithm caused Micron and Sandisk stocks to plunge. However, an obscure economics concept suggests it will increase demand for these companies' memory chips. If history ...