Last night, Claude Opus 4.5 was released, and its programming capabilities have surpassed Gemini 3 Pro and GPT-5.1. In just one week, the AI community has completed a closed-loop iteration. The global coding throne has changed hands once again. In a tweet a couple of days ago, we talked about how Google has been trending lately. Gemini 3 launched to rave reviews, and many people believe Google’s rise will inevitably lead to NVIDIA’s decline, leaving other large models in the dust. But this perspective misses the point of competitive dynamics: First of all, I’m very optimistic about Google. As a company with a full-stack AI ecosystem, its future looks very promising. But the better Google AI performs, who’s the most anxious? It’s Microsoft, Amazon, Meta, Apple, OpenAI—these companies. Since the final competitive landscape hasn’t been set yet, they’ll continue to ramp up investments to catch up or even surpass Google. Today, there’s news in the media that Meta is planning to buy Google’s TPUs. However, for companies like Microsoft, Amazon (cloud computing providers), and OpenAI, the likelihood of them buying TPUs is low since they’re direct competitors—or they might make small purchases as a supplement. Looking ahead from this point in time, the growth potential is still massive. The incremental market hasn’t been fully tapped yet (penetration rate is only 10%), and we’re far from entering a zero-sum game phase. At the same time, technological iterations are happening so quickly that any company’s lead in technology might only last for months or even weeks.