Sam Altman Made the Long-Term Case for Google Gemini
Companies mentioned: Broadcom (AVGO); Google (GOOGL, GOOG)
Google Gemini 3.0 is supposed to be released before year-end and I am very much looking forward to it.
Speaking of Gemini, if you watched OpenAI CEO Sam Altman’s video chat promoting the recently announced Broadcom (AVGO) deal, Altman at one point says (I’m paraphrasing) “As we were thinking through model optimization, we realized it makes sense to own the full stack”. Of course it does. Sam didn’t recently arrive at that conclusion. He now has the capital to execute on that plan, so he’s talking about it publicly.
Guess which AI company already designs its own chips (TPUs), operates its own cloud (GCP) and is investing heavily in its own frontier LLM (Gemini)? That’s right, Google (GOOGL). The company with the biggest balance sheet and the most accomplished AI research lab (led by DeepMind) has been grinding away at its own chip and cloud stack for over a decade. Gemini 3.0’s release will be telling.