I'm really curious about this: the foundational paper behind today's LLMs came from Google, and some of the world's best scientists were at Google. So why are they falling so far behind in the AI race?
The "let's make money by selling/renting out TPUs" faction has won and the "let's make money by training and selling a frontier model" faction has lost.
And it's arguably not crazy, at least if SemiAnalysis's estimates are to be believed:
* 20% of all TPU shipments from Q3 2026 through Q4 2027 are sold to SPVs serving Anthropic ($150B of contracted revenue); vs
* ~$12B ARR for Gemini.
The "let's make money by selling/renting out TPUs" faction has won and the "let's make money by training and selling a frontier model" faction has lost.
And it's arguably not crazy, at least if SemiAnalysis's estimates are to be believed:
https://newsletter.semianalysis.com/p/gemini-is-cooked-but-g...Because they compete for the same scarce resource, the result is a resource crunch for the group that's lost: https://www.latimes.com/business/story/2026-05-18/inside-ai-...