It was always clear that the insane technological monopoly of Google would always eventually allow them to surpass OpenAI once they stopped messing around and built a real product. It seems this is that moment. There is no healthy competition here because the two are not even remotely on the same footing.

"Code red" sounds about right. I don't see any way they can catch up. Their engineers at the moment (since many of the good researchers left) are not good enough to overcome the tech advantage. The piling debts of OpenAI just make it all worse.