Alphabet's Gemini Hits Billion Users as AI Rivalry Heats Up

Alphabet's Gemini app has reached one billion monthly users, marking its fastest-growing product yet. This milestone comes as OpenAI's ChatGPT also surpassed a billion users in late July and expanded its ads to five new countries.

In other tech news, CoreWeave reported second-quarter revenue of $2.58 billion, doubling year-over-year and beating earnings expectations. The company's adjusted operating income reached $128 million, exceeding prior guidance of $30-90 million. Adjusted EBITDA was $1.51 billion with a margin expanding to 59%.

Meanwhile, Apple is developing a glass-centric iPhone model scheduled for release in 2027, representing a significant design shift for the company's flagship product line.