Executive Summary
Google's Gemini desktop users are growing 155% year-over-year while ChatGPT manages only 23% growth, revealing a critical inflection point in consumer AI. This acceleration comes despite Gemini reaching significant scale, suggesting viral multimodal models like Nano Banana are fundamentally reshaping user acquisition dynamics. The a16z consumer team identifies a structural tension: ChatGPT maintains 800-900 million weekly active users through superior product craft and template-driven interfaces...
Key Investment Opportunity
Google's Multimodal Acceleration Play
Gemini's viral model launches creating user acquisition momentum that could challenge ChatGPT dominance through superior creative capabilities
...and 1 more investment opportunities
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