U.S. INTERNET : AI Inferences | May - Gemini & Claude Continue to Gain Ground on ChatGPT

研报英文原文证据摘录

U.S. INTERNET : AI Inferences | May - Gemini & Claude Continue to Gain Ground on ChatGPT

EQUITIES

INTERNET & MEDIA

U.S. INTERNET

AI Inferences | May – Gemini & Claude Continue to Gain

Ground on ChatGPT

Our AI tracker aggregates third-party data to evaluate intra-quarter trends and evolving sentiment.9 JUNE 2026

Sector Research Report While ChatGPT remains the market leader, Gemini and Claude continued to gain share in May,

Production time: 11:29* (London time)

further extending the positive share trends observed in recent months.

Research Analysts & Publishing Entities

Nick Jones Gemini and Claude extend share gains

BNP Paribas Securities Corp1 Gemini’s share of visits and average monthly DAUs increased to 29.9% and 18.9%, respectively,

+1 (929) 742-0211

nick.2.jones@us.bnpparibas.com from 29.4% and 17.9% last month, while Claude’s rose to 9.8% (from 8.8%) and 2.9% (from 2.5%).

While ChatGPT remains the dominant platform, it continued to lose share in May.

Luke Meindl

BNP Paribas Securities Corp1

+1 (201) 686-6757 AI demand and discussions continue to evolve

luke.meindl@us.bnpparibas.com GOOGL entered into an agreement with SpaceX to secure 200MW of compute capacity for ~$920M

per month (link). While the scale of the commitment may raise near-term concerns around capitalValerie Zhang, CFA

BNP Paribas Securities Corp1 intensity, we view the investment as strategically prudent given robust cloud backlog growth,

(+1) 201 686 3261 accelerating AI adoption, and the significant long-term revenue opportunity across Search, Cloud,

valerie.zhang@us.bnpparibas.com

and AI-driven products. Additionally, we believe the structure and economics of the agreement could

increase the likelihood that META accelerates plans to commercialize its infrastructure through a

cloud offering.