Sebastian Mallaby

Google has a strong competitive position in AI: it is a second-place runner that always ends up winning due to its enormous resources, deep scientific bench, massive consumer surface via search and Android, and ability to monetize AI through higher click rates and charges. Google's profits have doubled since 2022, and its Gemini models are fast and cheap, giving it a commercial advantage. It is about to be embedded in Apple phones, reaching almost every cell phone user globally.