GOOG:LLM Narrative Shift, Anthropic vs Gemini, and AI Overview

Two months after our extensive coverage of how Anthropic would impact AWS and drive ASIC business, we're seeing signs of a potential narrative shift.

For our latest quarterly insights on LLMs, please refer to our recent article, much of which was echoed in Semi Analysis's latest LLM piece. However, we believe our understanding of frontline LLM progress is more detailed than Semi Analysis's assessment.

We haven't yet established a complete framework for analyzing GOOG, so we're not ready to publish a GOOG Preview. Like MSFT, META, and AMZN (which we've already covered), GOOG faces complex key debates.

Given the urgency, I want to share our latest findings on GOOG, including updates on Anthropic vs Gemini, Agent developments, AI Overview/Mode progress and search experts interviews.

We expect to release 2-3 quarterly research updates on the autonomous driving industry this week. These were originally scheduled for last week but were delayed for additional review following the Twitter dispute between Elon Musk and Trump.

LLM Narrative Shifts