OpenAI CEO Sam Altman acknowledged that Google’s advancements in artificial intelligence (AI), particularly with its Gemini 3 model, may pose temporary economic challenges for his company. In an internal memo, he emphasized that OpenAI is rapidly catching up in the AI race, despite signs of slowing user engagement with its ChatGPT chatbot. This comes as competitors like Anthropic’s Claude are excelling in coding applications, while Google integrates its AI into various platforms, enhancing its market dominance. OpenAI, valued at $500 billion, anticipates revenues of $13 billion but faces significant cash burn as it seeks superintelligence. In contrast, Google enjoys a market value of $3.5 trillion with substantial cash flow from cloud services. Altman reassured employees about focusing on innovative high-stakes projects, asserting OpenAI’s resilience against competition, and expressing confidence in its unique position in the AI landscape.
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