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- Gemini 3 released by Google, slightly ahead of GPT-5.1
Gemini 3 released by Google, slightly ahead of GPT-5.1

Top stories today:
- Gemini 3 released by Google, slightly ahead of GPT-5.1
- Anthropic valuation jumps after Microsoft, NVIDIA’s $15B investment
- Meta wins FTC antitrust trial over Instagram, WhatsApp acquisitions
- Elon’s xAI said to be in advanced talks to raise $15B at $230B valuation
- Kraken raises $200M at $20B valuation
- Microsoft launches Agent 365 for deploying, managing AI agents
0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Gemini 3 released by Google, slightly ahead of GPT-5.1
Gemini 3 is available through the Gemini app.
The Gemini app now has 650M MAUs, up from 350M in Mar.
Gemini 3 Deep Think, Google’s research-intensive model, is rolling out to Google AI Ultra subscribers.
GOOG stock -0.2%.
Gemini 3 Pro Preview also tops the Artificial Analysis Omniscience Index, which measures knowledge and hallucinations
Pricing: $2/M input and $12/M output tokens for ≤200K tokens, vs. Gemini 2.5 Pro’s $1.25/$10 and GPT-5.1’s $1.25/$10.
Gemini 3 Pro also powers Google Search’s AI Mode.
Google Antigravity, an “agent-first” coding tool powered by Gemini 3 Pro, has also launched
The tool also supports Claude 4.5 Sonnet and OpenAI’s GPT-OSS and is available in public preview on Windows, macOS, and Linux.
2. Anthropic valuation said to jump to ~$350B after Microsoft, NVIDIA’s $15B investment

Microsoft will invest up to $5B into Anthropic, while NVIDIA will put up to $10B as part of the deal.
Anthropic has committed to $30B in Azure compute purchases and up to 1GW of additional capacity.
Anthropic will buy up to 1GW of compute capacity powered by NVIDIA’s Grace Blackwell and Vera Rubin systems.
Microsoft and Anthropic are also expanding their existing partnership to broaden Claude’s access for businesses.
NVIDIA and Anthropic will collaborate to optimize both Anthropic’s models and NVIDIA’s chip architectures for the company’s workloads.
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4. Meta wins FTC antitrust trial over Instagram, WhatsApp acquisitions

Representational image generated using ChatGPT.




