OpenAI and Nvidia are both under threat from Google; I like OpenAI’s chances best, but they need an advertising model to beat Google as an Aggregator.
The heroes of the AI story over the last three years have been two companies: OpenAI and Nvidia. The first is a startup called, with the release of ChatGPT, to be the next great consumer tech company; the other was best known as a gaming chip company characterized by boom-and-bust cycles driven by their visionary and endlessly optimistic founder, transformed into the most essential infrastructure provider for the AI revolution. Over the last two weeks, however, both have entered the cave and are facing their greatest ordeal: the Google empire is very much striking back.
via: https://stratechery.com/2025/conflicts-consternation-and-code-red/