In the AI era, Google is the only company with "full-stack sovereignty":


1. Chip layer: TPU frees itself from NVIDIA's "tax" and has the lowest inference cost.
2. Model Layer: Gemini 3 helps reclaim victory in the battle of large models
3. Entry Layer: Android and Chrome provide default access points for billions of users.
4. Capital layer: The supply of business research and development resources is nearly infinite.
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