The industry is buzzing about dueling AI announcements from Microsoft and Google that point to the most interesting Big Tech rivalry in years. I love the spectacle of it all but worry that we are getting ahead of ourselves. Google’s search dominance isn’t going away anytime soon for reasons I explore later on. That said, Google’s hold over search does feel susceptible to loosening for the first time in a very long time. That’s enough to cause an adrenaline rush up in Redmond.

Also in this edition: what I’m hearing about Google’s forthcoming ChatGPT competitor from people who are already using it, a ranking of the hottest private tech companies, a bunch of notable people moves, and the scoop on a big leak investigation inside Meta. But first…