The Dispatch

Anthropic doubles its valuation to $380 billion after raising $30 billion, driven by Claude Code and a focus on the enterprise market (32% vs 25% for OpenAI). Key challenges: margins compressed by inference costs and lack of profitability. https://tinyurl.com/6j7exmrd

OpenAI begins testing ads in ChatGPT, while Google boosts Gemini 3 Pro with advancements in image and video, integrations, and better price-performance ratio. Gemini surpasses GPT-5 benchmarks and gains ground without intrusive advertising. https://tinyurl.com/4ja7ak44

Google will invest up to $185 billion in AI and cloud by 2026, nearly double that of 2025, driven by Gemini and its chatbot with over 750 million users; it achieves a 78% cost reduction, though it faces hardware challenges https://tinyurl.com/3muw4huc

Apple takes a pragmatic approach to AI: instead of competing in model development and data centers, it opts for an alliance with Google and Gemini to integrate AI into Siri, prioritizing its ecosystem and distribution over direct investment in AI. https://tinyurl.com/5n9b2p24

NVIDIA secures a $20B deal to license Groq's assets, but in practice, it's a covert acquisition. Groq provides specialized AI inference chips, strengthening NVIDIA's position against rivals like Google and its TPUs. https://tinyurl.com/vnxh24w6