# AI Lab Competition: Capital, Compute, and AGI Strategy

**Podcast:** FT Tech Tonic
**Published:** 2026-04-29

## Transcript

Who will win Silicon Valley's battle of the AI labs?
I have never seen growth in any company like the growth of Charged GPT.
AI is going to be the most important technology in our lifetimes.
Everyone is competing to, like, get things out as fast as possible.
AGI is the most important technology probably that's ever going to be invented.
I'm Murad Ahmed, and in a new season of Tectonic, I'll be looking at the handful of companies from OpenAI and Anthropic to Meta and Google.
vying to lead the world in artificial intelligence.
They're spending billions of dollars building models that push back the frontiers of AI, fighting over customers, investors, computing power, and sought-after AI talent.
Who will come out on top?
Who will control our AI future?
That's in the next season of Tectonic from the Financial Times, coming soon.