JPMorgan has cut MiniMax's price target for a second time as Zhipu pulls ahead. Google's Gemini 3.5 Pro model has been delayed from June into July, with Business Insider reporting in late June that Google had pushed the launch to July while gathering feedback from early users on Antigravity and LMArena. The claim that Google scrapped the original base model and restarted pretraining has been repeated in smaller tech reports but has not been confirmed by Google. Leaked specs point to a 2 million token context window and a new Deep Think reasoning mode. The delay is attributed to agent work, coding, tool use, and long-horizon tasks, with Google collecting feedback around agent performance and token consumption. OpenAI launched GPT-5.6 on July 9, 2026, with a new ChatGPT Work product, and Anthropic is charging more aggressively for Claude Fable 5 with usage-based fees.