Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google on Wednesday settled a patent lawsuit concerning AI technology, which demanded a staggering $1.67 billion. What Happened: The lawsuit was filed by Singular Computing, a company founded by Massachusetts-based computer scientist Joseph Bates, alleging that Google misappropriated its computer-processing solutions, reported Reuters. The case was due to start closing arguments on the day of the settlement. Singular Computing argued that Google had incorporated Bates’ technology into processing units that enable AI capabilities in various Google se…