Alphabet CEO Sundar Pichai at the Google I/O Developers Conference in May. Photo: David Paul Morris/Bloomberg via Getty Images
The great AI platform building race is showing no signs of slowing down.
Google released Gemini today, and Elon Musk's X.ai startup appears to have raised at least $134.7 million, Hope writes with Axios' Ina Fried and Kia Kokalitcheva.
Why it matters: In the year since OpenAI launched ChatGPT, companies across all sectors have had to answer existential questions about their business.
But the answers are highly dependent on how the biggest tech players are building the tools that other corporates will ultimately use.
Be smart: Google, which invented the tech underpinning the current AI boom, has been under pressure to detail Gemini after rivals OpenAI and Anthropic launched improvements to their models.
Musk will require significant sustained investment for his AI plans given how compute-intensive the AI race is.
