Moonshots with Peter Diamandis
Moonshots with Peter Diamandis

Google's Record Quarter, the White House Intervenes, and GPT 5.5 Silently Matches Mythos | EP 254

May 9, 2026

AI Summary

5 min read

Google's Alphabet reported blowout earnings with $19.9 billion in revenue, up 22% year-over-year, and $62.6 billion in profit. Google Cloud reached $20 billion in revenue, growing 63% and outpacing AWS and Azure, fueled by AI across search ads, YouTube, and cloud services. This episode covers a packed week in AI: frontier model advances like GPT-5.5 matching Claude's Mythos on cybersecurity benchmarks at lower cost, government moves toward pre-release vetting, military deals, compute shortages, enterprise partnerships, and data center expansions into oceans, space, and farmlands. Hosts Peter Diamandis, Alex Swieschnegger-Gross (AWG), Dave Blanchard, Salim Ismail, and guest Brian Elliott (Blitzy CEO) discuss implications amid infinite AI demand.

Government Vetting and Military Ties

The White House proposes a working group with tech leaders to preview advanced AI models before release, reversing the Trump administration's prior deregulatory stance. This stems from models like Anthropic's Mythos and OpenAI's GPT-5.5 demonstrating cybersecurity breakthroughs—vulnerability discovery leapfrogging government capabilities, risking exposures in military, industrial, and SCADA systems. Guests worry less about government gatekeeping stifling innovation (potentially creating oligopolies for big labs) and more about labs self-censoring aggressively for safety or commercial gain.

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What you'll learn

  • 1 (00:00) **Google's Record Earnings** - Alphabet reports $199B revenue, 22% YoY growth, $62.6B profit; Google Cloud hits $20B with 63% growth driven by AI
  • 2 (07:28) **White House AI Model Vetting** - Trump admin proposes pre-release review of frontier models via executive order working group
  • 3 (14:49) **Pentagon AI Partnerships** - Deals with Google, OpenAI, SpaceX AI, Amazon, Microsoft for military apps; Google faces employee protests/unionization
  • 4 (18:50) **Google Cloud Compute Crunch** - Infrastructure demand soars; Google rations TPUs, turns away revenue amid infinite AI appetite
  • 5 (24:53) **Google Edge AI Strategy** - Prioritizes open models for Android/glasses/robotics due to vulnerability and compute limits
  • 6 (31:43) **OpenAI Cloud Shift** - Ends Microsoft exclusivity; now on AWS ($100B/8yr deal), Google Cloud, Oracle
  • 7 (36:55) **OpenAI Misses Targets** - Falls short on 1B weekly users, revenue; CFO suggests 2027 IPO delay due to reporting gaps, data center risks

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Show Notes

In this episode, the mates welcome Blitzy CEO Brian Elliott to discuss Google’s blowout AI-driven earnings, White House model vetting, Pentagon deals with frontier labs, compute scarcity, the rise of private-equity-led enterprise AI, ocean and space data centers, OpenAI’s changing cloud strategy and delayed IPO talk, AGI definitions, AI risk/insurance, and the growing role of AI in GDP and infrastructure.


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Peter H. Diamandis, MD, is the Founder of XPRIZE, Singularity University, ZeroG, and A360


Brian Elliott, Co-Founder and CEO of Blitzy.

Learn about Blitzy AI


Salim Ismail is the founder of OpenExO


Dave Blundin is the founder & GP of Link Ventures


Dr. Alexander Wissner-Gross is a computer scientist and founder of Reified


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Moonshots with Peter Diamandis