Markets wipe $250 billion off Nvidia as they digest Google's revenge, with Gemini 3 emerging as 'current state-of-the-art' | Fortune
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Markets wipe $250 billion off Nvidia as they digest Google's revenge, with Gemini 3 emerging as 'current state-of-the-art' | Fortune
"not going back"
"The leap is insane,"
"it feels like the world just changed, again."
"You've got five, six, whatever it is, companies that are trying to create the ultimate foundational model that we all depend on,"
Google unveiled Gemini 3, the first AI model integrated directly into its Search platform, claiming breakthrough performance across coding, mathematics, scientific reasoning, and creative writing. Market reactions were immediate and large, with as much as $250 billion wiped off Nvidia's market cap during trading as investors reassessed competitive positions. High-profile entrepreneurs reacted strongly: one reported switching from a rival model after trying Gemini 3 and called the improvement dramatic, while another warned the AI race could evolve into a winner-take-all market similar to search. Analysts questioned whether Google has reclaimed leadership in the AI race.
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