Map relationships
Follow suppliers, customers, partners, investments, ownership and competition across the full AI stack.
THE AI UNIVERSE
Boom or bust is an argument.
What is being built is a fact.
AI is not one industry. It is a chain: power stations, fabrication equipment, chips, memory, data centers, cloud platforms, models, software, and the machines that put it all into the physical world. The map shows that chain as it actually stands — every company in its layer, every connection with the source and the date attached.
Start anywhere. Click NVIDIA and see who makes its chips, who buys them and who competes. Click a power company and see which data centers it feeds. That is the part of the boom-or-bust question you can check for yourself.
Three corners of it have maps of their own, linked from inside: robotics and physical AI, space and orbital infrastructure and quantum computing.
286companies
14sectors of the AI stack
851sourced relationships
v3.25.13release · 3 Oct 2026
THE AI ECONOMY PULSE
Is the AI boom accelerating, or starting to crack?
Every week I score nine indicators, from chip supply to power to financing, and explain what changed, what it means, and what to watch next. Every call links to its source.
Read the first Pulse: The Nine Signals That Will Decide the AI Boom
THE TRACKERS · EVIDENCE AS OF 3 OCT 2026
9 things that would have to be true.
Nine conditions that would have to hold for the AI build-out to keep being financed. They come from people close to how this is actually financed and built, and conditions — unlike opinions — can be checked, so each one is tracked here against dated, sourced events. Every row names whoever stated it and links to where. The verdict moves when the evidence does.
Right now: 3 under pressure, 2 mixed, 2 holding up and 2 not enough evidence yet.
3 under pressure2 mixed2 holding up2 not enough evidence yet
Under pressureCan they actually plug it all in?Toward Applied Digital brings Polaris Forge 1 to 250 MW operational critical IT load after adding 75 MW 2 Oct 2026
A chip is useless without power, a building and a grid connection. This row tracks whether the physical build-out lands anywhere near the pace the spending assumes.
About 25 GW of new AI compute actually comes online in 2027, against SemiAnalysis’s 43 GW forecast. In his words: “I would suggest Dylan’s forecast to 43 gigawatt next year is too aggressive … I think the total amount we’re actually going to stand up is somewhere closer to 25 gigawatt.” The limits he named: permitting and local opposition, grid interconnection delays, skilled labor shortages and sold-out power equipment.
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗ · by 31 Dec 2027
- Against 18 Sep 2026 Virginia's governor signs an executive order setting data-center accountability standards FFXnow (Executive Order 22 coverage) ↗
- Against 21 Sep 2026 Texas halts state environmental permits for data centers until grid and water audits are complete Office of the Texas Governor ↗
- Against 24 Sep 2026 Oracle sends force majeure notice on Project Jupiter as the site's gas pipeline slips to February 2027 Bloomberg (via Bloomberg Law); corroborated by Reuters (via CP24 syndication) ↗
- Supports 29 Sep 2026 Broadcom-TOPPAN joint venture AST opens Singapore's first high-end FC-BGA substrate facility; production targeted for December 2026 AST via Singapore EDB ↗
- Supports 30 Sep 2026 HPE discloses a 1.2 billion dollar Vultr order for AMD Helios AI racks, its first Helios order HPE (Business Wire syndication) ↗
- Supports 30 Sep 2026 CoreWeave says NVIDIA Vera Rubin NVL72 is in production on its cloud, with Cognition as the first production customer CoreWeave (investor newsroom) ↗
- Supports 14 Sep 2026 Meta expands Eagle Mountain Utah data center; Utah investment above 3 billion dollars Meta Data Centers ↗
- Supports 29 Sep 2026 NRC issues first U.S. construction permit for a BWRX-300 at TVA Clinch River; GE Vernova Hitachi design GE Vernova ↗
- Supports 2 Oct 2026 Applied Digital brings Polaris Forge 1 to 250 MW operational critical IT load after adding 75 MW Applied Digital ↗
- Supports 1 Oct 2026 Dell, JERA and RHAELM sign an MoU for a Japan AI-infrastructure model, tied to a Chiba project of up to 400 MW JERA ↗
- Supports 1 Oct 2026 Michigan approves DTE contracts to power a Google data center, including up to 1,600 MW of renewables and 480 MW of storage Michigan Public Service Commission ↗
- Supports 30 Sep 2026 Constellation and Amazon sign a 20-year PPA for 690 MW at Calvert Cliffs, including about 190 MW of new capacity Constellation Energy ↗
- Supports 30 Sep 2026 Nebius signs for 50 MW of critical IT capacity at an AIB southeastern U.S. data center AIB Data Centers (GlobeNewswire) ↗
- Supports 30 Sep 2026 NextEra and Related selected for Project Star: 6.47 GW gas generation for a 5 GW Texas data-center campus PR Newswire (NextEra Energy; Lewis Energy Group; Related Digital) ↗
- Supports 2 Oct 2026 Oracle commits to absorb about $300 million of Point Beach nuclear costs for Wisconsin ratepayers, subject to PSC approval Oracle (PR Newswire) ↗
Next check-in: State permitting actions (Texas audit outcome, Virginia 2027 legislation); utility interconnection announcements.
Under pressureIs borrowing still cheap enough to build?Against US 10-year Treasury yield crosses 5% for the first time since 2007 23 Sep 2026
Data centers are built with borrowed money. When long-term interest rates rise, every project gets more expensive to finance, whatever the demand looks like.
The 10-year Treasury yield stays below about 5.5%, and oil retreats. In his words: “If rates were to go to five and a half on the 10-year, that’s going to be a big burden … on the equity market,” and “rates are following oil prices to a certain extent.” He gave no numeric level for oil. The 5% warning level on this row is AI Map’s own, set in advance.
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
- Against 16 Sep 2026 Federal Reserve raises its policy rate for the first time since 2023, to 3.75%-4.00% Federal Reserve FOMC statement; corroborated by BBC News, 'US interest rates raised for first time in three years' (16 Sep 2026), https://www.bbc.com/news/articles/cw4gmlyvj422o ↗
- Against 23 Sep 2026 US 10-year Treasury yield crosses 5% for the first time since 2007 Federal Reserve H.15 Selected Interest Rates (Daily); corroborated by Invezz (2026-09-24) ↗
Next check-in: Next FOMC meeting (late October 2026); weekly 10-year yield and oil price.
Under pressureAre governments slowing it down?Against FTC confirms an investigation into OpenAI, Anthropic and other AI companies over consumer risks; civil investigative demands reported within weeks 30 Sep 2026
States and countries are writing the rules for data centers now — power, water, permits, tax. The condition is not that nothing happens, but that what happens adds cost and process without stopping the build-out.
Rules on AI and data centers add cost and process without halting the build-out. In his words: “Regulation’s a threat. It’s a risk.” He called for “common sense, pragmatic solutions,” pointed to the 67 fission reactors shut down after activist pressure, and said: “Can’t allow this to occur to AI.”
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
- Against 18 Sep 2026 Virginia's governor signs an executive order setting data-center accountability standards FFXnow (Executive Order 22 coverage) ↗
- Against 21 Sep 2026 Texas halts state environmental permits for data centers until grid and water audits are complete Office of the Texas Governor ↗
- Against 21 Sep 2026 California enacts seven data center laws changing who pays for grid upgrades Office of Governor Gavin Newsom; corroborated by CBS News Bay Area (2026-09-21) ↗
- Against 23 Sep 2026 Maryland becomes the fourth state in six days to act on data centers, matching Virginia's template Executive Order 01.01.2026.16, Governor of Maryland; corroborated by Maryland Matters (2026-09-23) ↗
- Against 30 Sep 2026 FTC confirms an investigation into OpenAI, Anthropic and other AI companies over consumer risks; civil investigative demands reported within weeks Associated Press (via Spectrum News) ↗
- Minor 30 Sep 2026 California attorney general serves OpenAI an investigative subpoena over cyber incidents California Department of Justice, Office of the Attorney General ↗
Next check-in: Texas audit completion (possibly late 2026); Virginia 2027 legislative session; other states following.
MixedCan anyone pay for all these data centers?Against Broadcom to lend Anthropic up to $42 billion to lease its chips, prospectus shows (Reuters) 1 Oct 2026
The largest technology companies are spending on a scale normally seen in railways and oil. The question is whether the money coming back from AI arrives quickly enough to cover it.
Revenue from the labs renting AI capacity grows fast enough to pay for the build-out. In his words: “If you’re going to build a trillion and a half dollars a year in capex, somebody has to pay for it … Microsoft’s not paying for it. They’re building it to rent it.” He said that revenue has to go from about $200B at the end of 2026 “to 450 to 800 or a trillion dollars just to keep up.”
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
- Against 23 Sep 2026 US 10-year Treasury yield crosses 5% for the first time since 2007 Federal Reserve H.15 Selected Interest Rates (Daily); corroborated by Invezz (2026-09-24) ↗
- Against 24 Sep 2026 Oracle sends force majeure notice on Project Jupiter as the site's gas pipeline slips to February 2027 Bloomberg (via Bloomberg Law); corroborated by Reuters (via CP24 syndication) ↗
- Against 22 Sep 2026 SB Energy, developer of OpenAI's 8 GW Ohio campus, delays its IPO launch as early talks on a $4.9bn debt sale reportedly point to yields near 10% Financial Times (22 Sep, read via syndication) and New York Times (via Bisnow); corroborated by Reuters (25 Sep) and IFR (25 Sep); SB Energy S-1/A (SEC, 21 Sep) ↗
- Against 24 Sep 2026 SoftBank sells a record $11.1bn of high-yield bonds to fund its final $10bn OpenAI payment, with coupons up to 9.75% SoftBank Group press release (24 Sep); corroborated by Reuters (21 and 24 Sep, via AOL and GMA News) and Bloomberg (23 Sep, via Yahoo Finance) ↗
- Against 28 Sep 2026 Anthropic's IPO prospectus, reviewed by Reuters, shows 518 billion dollars of future cloud and compute obligations against 4.6 billion dollars of 2025 revenue Reuters (via Yahoo Finance) ↗
- Against 29 Sep 2026 Anthropic's 518 billion dollars of compute obligations, split by partner in its draft prospectus: about 80% is non-cancelable or payable regardless of usage Reuters (via KSL.com syndication) ↗
- Against 1 Oct 2026 Broadcom to lend Anthropic up to $42 billion to lease its chips, prospectus shows (Reuters) Reuters (via The Star syndication) ↗
- Supports 10 Sep 2026 Oracle's contracted backlog reaches $664B as cloud infrastructure revenue grows 121%, while free cash flow turns more negative Oracle Q1 FY2027 earnings call (Benzinga transcript); figures cross-checked with ERP Today ↗
- Supports 30 Sep 2026 SoftBank completes acquisition of DigitalBridge for about 3.1 billion dollars; DigitalBridge becomes a controlled subsidiary SoftBank Group (press release) ↗
- Minor 19 Sep 2026 OpenAI projects about $278B of cumulative negative free cash flow from 2026 to 2030 (FT) Financial Times, via GV Wire/Reuters ↗
- Minor 1 Oct 2026 SoftBank completes its 30 billion dollar OpenAI follow-on with the final 10 billion dollar tranche; cumulative investment 64.6 billion dollars, about 13%; bridge loan repaid SoftBank Group press release ↗
- Minor 2 Oct 2026 Amazon seeks to move about $8 billion of Nvidia chips into an investor-funded vehicle and lease them back (FT) Reuters (via The Star), reporting the Financial Times ↗
- Minor 2 Oct 2026 Broadcom's banks begin raising $60 billion of debt for AI chips for Anthropic and others; Blackstone leads $18 billion junior tranche (Bloomberg) Dataconomy, reporting Bloomberg News ↗
Next check-in: Hyperscaler Q3 2026 earnings and capex guidance (late October); lab financing disclosures.
MixedWill one of the big AI labs go public?Against OpenAI's CEO rules out a 2026 IPO, calling now an ill-advised moment to go public 12 Sep 2026
A listing would force a frontier lab to publish real numbers on a schedule. Whatever it did for the share price, it would replace a lot of guesswork with filings.
A frontier-lab IPO goes ahead this year without a halt or postponement. In his words: “I think we are going to see an IPO this year,” and a halt or postponement of the Anthropic IPO “would obviously be a major issue. I don’t think that’s going to happen.”
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
- Against 12 Sep 2026 OpenAI's CEO rules out a 2026 IPO, calling now an ill-advised moment to go public Fortune (on-record interview with Sam Altman); corroborated by Crowdfund Insider ↗
- Minor 18 Sep 2026 Anthropic reportedly moves its planned IPO from October to November Wall Street Journal (via Investing.com); corroborated by The Decoder (citing WSJ and The Information) ↗
Next check-in: Anthropic IPO filing/pricing news; OpenAI listing plans (Altman has said no IPO in 2026).
Holding upAre the AI labs actually making money?Toward OpenAI's annualized recurring revenue nears 70 billion dollars, up more than 70% since July, per Axios and a Reuters source 29 Sep 2026
Almost everything else rests on this. The data centers, the chips and the power deals are all being financed against an expectation that the companies making AI models grow revenue very fast. This row tracks whether they do.
The top three AI labs lift combined annualized revenue from about $100B (July 2026) to at least $180B by the end of 2026. In his words: “I think they need to collectively get to at least $180 billion by the end of the year … just to keep the AI trade intact.” He put the takeoff case at about $8B a month for a leading lab, against $4B.
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗ · by 31 Dec 2026
- Supports 29 Sep 2026 OpenAI's annualized recurring revenue nears 70 billion dollars, up more than 70% since July, per Axios and a Reuters source Axios ↗
Next check-in: Next disclosed or credibly reported monthly run-rate from OpenAI and Anthropic.
Holding upIs the rally still tied to earnings?Toward Micron's fiscal Q4 revenue reaches 54.2 billion dollars, up from 11.3 billion a year earlier, at an 87% gross margin; next quarter guided to 61.5 billion 30 Sep 2026
The claim being tested is that this does not look like 2000, because the gains come from rising profits rather than rising valuations. That is checkable every quarter.
Market gains stay driven by earnings rather than rising valuations. In his words: “This is not about multiple expansion. This is an earnings driven market expansion,” with NVIDIA at “14 times next year’s fully taxed GAAP earnings. This is no bubble like it was in 2000.” He also flagged that semiconductors were 70% of the Nasdaq’s return, “both good and bad.”
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
- Supports 26 Aug 2026 NVIDIA's quarterly revenue doubles to $96.2B, with data-center revenue up 117% NVIDIA Q2 FY2027 results release ↗
- Supports 2 Sep 2026 Broadcom's AI chip revenue rises 221% to $16.7B, and it guides to $21.7B next quarter Broadcom Q3 FY2026 results release ↗
- Supports 30 Sep 2026 Micron's fiscal Q4 revenue reaches 54.2 billion dollars, up from 11.3 billion a year earlier, at an 87% gross margin; next quarter guided to 61.5 billion Micron Technology (press release via GlobeNewswire) ↗
Next check-in: Q3 2026 earnings season; index concentration data.
Not enough evidence yetIs AI making ordinary companies more productive?Nothing has yet cleared the bar this tracker requires. That is a real answer, not a gap.
Not whether people use it — whether it shows up in what companies actually report. This is the difference between AI as a cost and AI as a return.
AI lifts companies’ margin expansion from the historical ~38 basis points a year toward ~100. In his words: “Can we turn the 38 bips to 100 bips of margin expansion because of AI? The answer is obviously yes.” His examples were companies growing revenue without growing headcount.
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
No signal has cleared the bar for this row yet. The tracker counts published, dated events from the last 90 days, and analyst estimates and reported internal projections never count toward a verdict.
Next check-in: Q3 2026 earnings commentary on AI-driven margins.
Not enough evidence yetIs anyone actually using AI agents?Nothing has yet cleared the bar this tracker requires. That is a real answer, not a gap.
Launches and download estimates are easy. This row waits for something a company discloses itself: sustained use, paid conversion, or revenue broken out.
Consumer AI agents become a real, token-hungry category. In his words: “We’re going to have consumer agents in everybody’s pocket … This could be another trillion dollar category, but it’s definitely going to consume massive tokens.” AI Map counts only company-disclosed usage, paid conversion or transactions toward this row, not downloads.
Stated by Brad Gerstner (Altimeter Capital), All-In Summit, 15 Sep 2026 · source ↗
No signal has cleared the bar for this row yet. The tracker counts published, dated events from the last 90 days, and analyst estimates and reported internal projections never count toward a verdict.
Next check-in: A company-disclosed usage, subscriber or transaction figure for a consumer agent (Meta, OpenAI or Anthropic), or a quarter in which agent revenue is broken out.
These are conditions AI Map tracks, not predictions and not our opinion of whether any of it is a good idea. Each row names whoever stated the threshold and links to where they said it; where the wording is our own paraphrase, the row says so. We are not affiliated with, endorsed by or reviewed by anyone cited. A row reads under pressure when a major dated event points against it, holding up when the qualifying evidence only points toward it, and not enough evidence yet when nothing has cleared the bar. Analyst estimates and reported internal projections never move a verdict, unconfirmed reports are never published, and a signal stops counting after 90 days. It is not a rating, a forecast, or a recommendation about any company or security. How a verdict is set, and what it is not.
YOUR TURN
So what’s your opinion?
The trackers say what the evidence says. They do not say how this ends. What do you think happens?
THE DATABASE
Search, filter and research every company on the map.
Real tickers where a company is publicly traded, plain-English profiles of what each one actually does, its competitors and same-layer peers, and every connection with its source — so you can go from "what is this company" to "how does it fit in" in one click.
286 companies
| Company | Ticker / status | AI stack position | AI exposure | |
|---|---|---|---|---|
| 1X TechnologiesNorway (Moss) / United States (San Francisco Bay Area) | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| AAONUnited States (Tulsa, Oklahoma) | AAONPublic | Data centers | Enabler | Profile |
| ABBSwitzerland (Zurich) | ABBN.SWPublic | Energy & grid | Enabler | Profile |
| ABB RoboticsSweden and Switzerland | SubsidiaryPart of ABB Ltd | Robotics & physical AI | Enabler | Profile |
| AdtranUnited States (Huntsville, Alabama) | ADTNPublic | AI chips & networking | AI-adjacent | Profile |
| AdvantestJapan (Tokyo) | 6857.TPublic | Chip equipment | Enabler | Profile |
| Aehr Test SystemsUnited States (Fremont, California) | AEHRPublic | Chip equipment | Enabler | Profile |
| AelumaUnited States (Goleta, California) | ALMUPublic | AI chips & networking | AI-adjacent | Profile |
| AgiBotChina | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| Agility RoboticsUnited States | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| AI21 LabsIsrael (Tel Aviv) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| Alibaba GroupChina (Hangzhou) | BABAPublic | Foundation models | Direct | Profile |
| Amazon Web ServicesUnited States | AMZNSubsidiary | Cloud & compute | Direct | Profile |
| AMDUnited States | AMDPublic | AI chips & networking | Direct | Profile |
| American Electric Power (AEP)United States (Columbus, Ohio) | AEPPublic | Energy & grid | Infrastructure | Profile |
| American TowerUnited States (Boston, Massachusetts) | AMTPublic | Data centers | AI-adjacent | Profile |
| Amkor TechnologyUnited States | AMKRPublic | Chip mfg & packaging | Enabler | Profile |
| AmphenolUnited States (Wallingford, Connecticut) | APHPublic | AI chips & networking | Enabler | Profile |
| Analog DevicesUnited States (Wilmington, Massachusetts) | ADIPublic | Chip mfg & packaging | AI-adjacent | Profile |
| AndurilUnited States (Costa Mesa, California) | PrivateNot publicly traded | AI applications | Application | Profile |
| AnthropicUnited States | PrivatePublic benefit corporation — not exchange-listed | Foundation models | Direct | Profile |
| Applied DigitalUnited States (Dallas, Texas) | APLDPublic | Data centers | Infrastructure | Profile |
| Applied MaterialsUnited States | AMATPublic | Chip equipment | Enabler | Profile |
| Applied OptoelectronicsUnited States (Sugar Land, Texas) | AAOIPublic | AI chips & networking | Enabler | Profile |
| ApptronikUnited States | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| Arista NetworksUnited States | ANETPublic | AI chips & networking | Enabler | Profile |
| Arm HoldingsUnited Kingdom | ARMPublic | AI chips & networking | Enabler | Profile |
| ASE TechnologyTaiwan (Kaohsiung) | ASXPublic | Chip mfg & packaging | Enabler | Profile |
| ASM InternationalNetherlands (Almere) | ASM.ASPublic | Chip equipment | Enabler | Profile |
| ASMLNetherlands | ASMLPublic | Chip equipment | Enabler | Profile |
| AST SpaceMobileUnited States | ASTSPublic | Space infra | AI-adjacent | Profile |
| Astera LabsUnited States | ALABPublic | AI chips & networking | Enabler | Profile |
| Aurora InnovationUnited States | AURPublic | Robotics & physical AI | Direct | Profile |
| Axiom SpaceUnited States | PrivateNot publicly traded | Space infra | AI-adjacent | Profile |
| AXTUnited States (Fremont, California) | AXTIPublic | Chip equipment | Enabler | Profile |
| BaiduChina (Beijing) | BIDUPublic | Foundation models | Direct | Profile |
| BesiNetherlands (Duiven) | BESI.ASPublic | Chip equipment | Enabler | Profile |
| Black Forest LabsGermany (Freiburg) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| BlackRockUnited States (global operations) | BLKPublic | Financial & investment | Infrastructure | Profile |
| Bloom EnergyUnited States (San Jose, California) | BEPublic | Energy & grid | Infrastructure | Profile |
| Blue OriginUnited States | PrivateNot publicly traded | Space infra | AI-adjacent | Profile |
| Boston DynamicsUnited States | SubsidiaryPart of Hyundai Motor Group | Robotics & physical AI | Application | Profile |
| BroadcomUnited States | AVGOPublic | AI chips & networking | Direct | Profile |
| BrowaveTaiwan (Hsinchu) | 3163.TWOPublic | AI chips & networking | Enabler | Profile |
| BWXTUnited States (Lynchburg, Virginia) | BWXTPublic | Energy & grid | AI-adjacent | Profile |
| Cadence Design SystemsUnited States | CDNSPublic | Chip equipment | Enabler | Profile |
| CamtekIsrael (Migdal HaEmek) | CAMTPublic | Chip equipment | Enabler | Profile |
| CaterpillarUnited States (Irving, Texas) | CATPublic | Energy & grid | AI-adjacent | Profile |
| CelesticaCanada (Toronto, Ontario) | CLSPublic | Servers & AI factories | Enabler | Profile |
| Centrus EnergyUnited States (Bethesda, Maryland) | LEUPublic | Energy & grid | AI-adjacent | Profile |
| Cerebras SystemsUnited States | CBRSPublic | AI chips & networking | Direct | Profile |
| Character.AIUnited States (Menlo Park, California) | PrivateGoogle holds a non-exclusive technology license and hired several co-founders (independence contested; subject of a DOJ antitrust inquiry) | Foundation models | Direct | Profile |
| CienaUnited States (Hanover, Maryland) | CIENPublic | AI chips & networking | Enabler | Profile |
| Cirrus LogicUnited States (Austin, Texas) | CRUSPublic | Chip mfg & packaging | AI-adjacent | Profile |
| Cisco SystemsUnited States | CSCOPublic | AI chips & networking | Enabler | Profile |
| CloudflareUnited States (San Francisco) | NETPublic | AI infra software | Direct | Profile |
| Coatue ManagementUnited States | PrivateNot publicly traded | Financial & investment | Infrastructure | Profile |
| CognexUnited States | CGNXPublic | Robotics & physical AI | Application | Profile |
| CognitionUnited States (San Francisco, California) | PrivateNot publicly traded | AI applications | Direct | Profile |
| CohereCanada (Toronto) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| CoherentUnited States (Saxonburg, Pennsylvania) | COHRPublic | AI chips & networking | Enabler | Profile |
| Constellation EnergyUnited States | CEGPublic | Energy & grid | Infrastructure | Profile |
| CoreWeaveUnited States | CRWVPublic | Cloud & compute | Direct | Profile |
| CorningUnited States (Corning, New York) | GLWPublic | AI chips & networking | Enabler | Profile |
| CredoUnited States (San Jose, California; registered in the Cayman Islands) | CRDOPublic | AI chips & networking | Enabler | Profile |
| CrowdStrikeUnited States (Austin, Texas) | CRWDPublic | AI applications | Application | Profile |
| Crusoe EnergyUnited States (San Francisco, California) | PrivateNot publicly traded | Cloud & compute | Direct | Profile |
| CumminsUnited States (Columbus, Indiana) | CMIPublic | Energy & grid | AI-adjacent | Profile |
| CursorUnited States (San Francisco, California) | SubsidiaryPart of SpaceX | AI applications | Direct | Profile |
| CXMTChina (Hefei) | 688825.SSPublic | Chip mfg & packaging | Enabler | Profile |
| DatabricksUnited States (San Francisco, California) | PrivateNot publicly traded | AI infra software | Enabler | Profile |
| DeepSeekChina (Hangzhou) | SubsidiaryPart of High-Flyer Quantitative Investment Management | Foundation models | Direct | Profile |
| Dell TechnologiesUnited States | DELLPublic | Servers & AI factories | Enabler | Profile |
| Digital RealtyUnited States | DLRPublic | Data centers | Infrastructure | Profile |
| DobotChina (Shenzhen) | 2432.HKPublic | Robotics & physical AI | Direct | Profile |
| Dominion EnergyUnited States (Richmond, Virginia) | DPublic | Energy & grid | Infrastructure | Profile |
| Doosan RoboticsSouth Korea (Seoul) | 454910.KSPublic | Robotics & physical AI | Application | Profile |
| EatonIreland / United States operations | ETNPublic | Data centers | Enabler | Profile |
| EchoStarUnited States (Englewood, Colorado) | ECHOPublic | Space infra | AI-adjacent | Profile |
| EcolabUnited States (St. Paul, Minnesota) | ECLPublic | Data centers | AI-adjacent | Profile |
| ElasticUnited States (San Francisco); incorporated in the Netherlands as Elastic N.V. | ESTCPublic | AI infra software | Direct | Profile |
| ElevenLabsUnited Kingdom (London) / United States (New York) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| EntegrisUnited States (Billerica, Massachusetts) | ENTGPublic | Chip equipment | Enabler | Profile |
| EoptolinkChina (Chengdu, Sichuan) | 300502.SZPublic | AI chips & networking | Enabler | Profile |
| EquinixUnited States | EQIXPublic | Data centers | Infrastructure | Profile |
| Eutelsat GroupFrance | ETL.PAPublic | Space infra | AI-adjacent | Profile |
| FabrinetCayman Islands (George Town, registered principal executive office) | FNPublic | Servers & AI factories | Enabler | Profile |
| FANUCJapan | 6954.TPublic | Robotics & physical AI | Enabler | Profile |
| Figure AIUnited States | PrivateNot publicly traded | Robotics & physical AI | Application | Profile |
| Firefly AerospaceUnited States | FLYPublic | Space infra | AI-adjacent | Profile |
| FluenceUnited States (Arlington, Virginia) | FLNCPublic | Energy & grid | AI-adjacent | Profile |
| FormFactorUnited States (Livermore, California) | FORMPublic | Chip equipment | Enabler | Profile |
| Founders FundUnited States | PrivateNot publicly traded | Financial & investment | Infrastructure | Profile |
| Frontgrade TechnologiesUnited States | PrivateNot publicly traded | Space infra | Enabler | Profile |
| FujikuraJapan (Tokyo) | 5803.TPublic | AI chips & networking | Enabler | Profile |
| Furukawa ElectricJapan (Tokyo) | 5801.TPublic | AI chips & networking | Enabler | Profile |
| GDSChina (Shanghai) | GDSPublic | Data centers | Infrastructure | Profile |
| GE VernovaUnited States | GEVPublic | Energy & grid | Infrastructure | Profile |
| GeekplusChina (Beijing) | 2590.HKPublic | Robotics & physical AI | Direct | Profile |
| GigaDeviceChina (Beijing) | 603986.SSPublic | Chip mfg & packaging | AI-adjacent | Profile |
| GlobalFoundriesUnited States (Malta, New York) | GFSPublic | Chip mfg & packaging | Enabler | Profile |
| GlobalstarUnited States (Covington, Louisiana) | GSATPublic | Space infra | AI-adjacent | Profile |
| Google (Alphabet subsidiary)United States | GOOGLSubsidiary | Cloud & compute | Direct | Profile |
| Google DeepMindUnited Kingdom (London), operating as part of Alphabet Inc. (United States) | SubsidiaryPart of Alphabet Inc. | Foundation models | Direct | Profile |
| GroqUnited States | PrivateNot publicly traded | AI chips & networking | Direct | Profile |
| Hamamatsu PhotonicsJapan (Hamamatsu) | 6965.TPublic | Chip equipment | AI-adjacent | Profile |
| Harmonic Drive SystemsJapan | 6324.TPublic | Robotics & physical AI | Enabler | Profile |
| HarveyUnited States (San Francisco, California) | PrivateNot publicly traded | AI applications | Direct | Profile |
| HesaiChina (Shanghai) | HSAIPublic | Robotics & physical AI | Enabler | Profile |
| Hon Hai (Foxconn)Taiwan | 2317.TWPublic | Servers & AI factories | Enabler | Profile |
| Honeywell TechnologiesUnited States (Charlotte, North Carolina) | HONPublic | AI applications | Application | Profile |
| Horizon RoboticsChina (Beijing) | 9660.HKPublic | AI chips & networking | Direct | Profile |
| HPEUnited States | HPEPublic | Servers & AI factories | Enabler | Profile |
| Hugging FaceUnited States / France | PrivateNot publicly traded | AI infra software | Enabler | Profile |
| IBMUnited States (Armonk, New York) | IBMPublic | AI infra software | Direct | Profile |
| InfleqtionUnited States (Louisville, Colorado) | INFQPublic | Quantum computing | AI-adjacent | Profile |
| Intel CorporationUnited States | INTCPublic | AI chips & networking | Direct | Profile |
| IntuitiveUnited States (Sunnyvale, California) | ISRGPublic | Robotics & physical AI | Application | Profile |
| Intuitive MachinesUnited States | LUNRPublic | Space infra | AI-adjacent | Profile |
| IonQUnited States (College Park, Maryland) | IONQPublic | Quantum computing | AI-adjacent | Profile |
| IRENAustralia (Sydney) | IRENPublic | Cloud & compute | Direct | Profile |
| IridiumUnited States (McLean, Virginia) | IRDMPublic | Space infra | AI-adjacent | Profile |
| Isomorphic LabsUnited Kingdom (London) | SubsidiaryPart of Alphabet Inc. | AI applications | Direct | Profile |
| JCETChina (Jiangyin, Jiangsu) | 600584.SSPublic | Chip mfg & packaging | Enabler | Profile |
| JenoptikGermany (Jena) | JEN.DEPublic | Chip equipment | AI-adjacent | Profile |
| John DeereUnited States (Moline, Illinois) | DEPublic | Robotics & physical AI | AI-adjacent | Profile |
| Johnson ControlsIreland (Cork) | JCIPublic | Data centers | Enabler | Profile |
| Karman Space & DefenseUnited States (Huntington Beach, California) | KRMNPublic | Space infra | AI-adjacent | Profile |
| Kepler CommunicationsCanada | PrivateNot publicly traded | Space infra | Enabler | Profile |
| KioxiaJapan (Tokyo) | 285A.TPublic | Chip mfg & packaging | Enabler | Profile |
| KLAUnited States | KLACPublic | Chip equipment | Enabler | Profile |
| Kodiak AIUnited States (Mountain View, California) | KDKPublic | Robotics & physical AI | Direct | Profile |
| KSATNorway | PrivateNot publicly traded | Space infra | AI-adjacent | Profile |
| KUKAGermany | SubsidiaryPart of Midea Group | Robotics & physical AI | Enabler | Profile |
| L3Harris TechnologiesUnited States | LHXPublic | Space infra | AI-adjacent | Profile |
| Lam ResearchUnited States | LRCXPublic | Chip equipment | Enabler | Profile |
| LambdaUnited States (San Jose, California) | PrivateNot publicly traded | Cloud & compute | Direct | Profile |
| LangChainUnited States (San Francisco, California) | PrivateNot publicly traded | AI infra software | Enabler | Profile |
| Lattice SemiconductorUnited States (Hillsboro, Oregon) | LSCCPublic | AI chips & networking | Enabler | Profile |
| LenovoChina | 0992.HKPublic | Servers & AI factories | Enabler | Profile |
| LightPath TechnologiesUnited States (Orlando, Florida) | LPTHPublic | Space infra | AI-adjacent | Profile |
| Lightwave LogicUnited States (Englewood, Colorado) | LWLGPublic | AI chips & networking | Enabler | Profile |
| Lockheed MartinUnited States (Bethesda, Maryland) | LMTPublic | Space infra | AI-adjacent | Profile |
| LumentumUnited States (San Jose, California) | LITEPublic | AI chips & networking | Enabler | Profile |
| MACOMUnited States (Lowell, Massachusetts) | MTSIPublic | AI chips & networking | Enabler | Profile |
| Marvell TechnologyUnited States | MRVLPublic | AI chips & networking | Enabler | Profile |
| MaterionUnited States (Mayfield Heights, Ohio) | MTRNPublic | Chip equipment | AI-adjacent | Profile |
| MDA SpaceCanada (Brampton, Ontario) | MDA.TOPublic | Space infra | AI-adjacent | Profile |
| Meta PlatformsUnited States | METAPublic | Foundation models | Direct | Profile |
| MGXUnited Arab Emirates | PrivateNot publicly traded | Financial & investment | Infrastructure | Profile |
| Microchip TechnologyUnited States (Chandler, Arizona) | MCHPPublic | Chip mfg & packaging | AI-adjacent | Profile |
| MicronUnited States | MUPublic | Chip mfg & packaging | Enabler | Profile |
| MicrosoftUnited States | MSFTPublic | Cloud & compute | Direct | Profile |
| MiniMaxChina (Shanghai) | 0100.HKPublic | Foundation models | Direct | Profile |
| Mistral AIFrance | PrivateNot publicly traded | Foundation models | Direct | Profile |
| MKSUnited States (Andover, Massachusetts) | MKSIPublic | Chip equipment | Enabler | Profile |
| MongoDBUnited States (New York) | MDBPublic | AI infra software | Enabler | Profile |
| Moonshot AIChina (Beijing) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| MPS (Monolithic Power Systems)Switzerland (Schaffhausen) | MPWRPublic | AI chips & networking | Enabler | Profile |
| NabtescoJapan | 6268.TPublic | Robotics & physical AI | Enabler | Profile |
| Nanya TechnologyTaiwan (New Taipei City) | 2408.TWPublic | Chip mfg & packaging | Enabler | Profile |
| NebiusNetherlands | NBISPublic | Cloud & compute | Direct | Profile |
| NEURA RoboticsGermany | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| NEXTDCAustralia | NXT.AXPublic | Data centers | Infrastructure | Profile |
| NextEra EnergyUnited States | NEEPublic | Energy & grid | Infrastructure | Profile |
| NidecJapan | 6594.TPublic | Robotics & physical AI | Enabler | Profile |
| Ningbo Tuopu GroupChina | 601689.SSPublic | Robotics & physical AI | AI-adjacent | Profile |
| NokiaFinland (Espoo) | NOKPublic | AI chips & networking | Enabler | Profile |
| Northrop GrummanUnited States (Falls Church, Virginia) | NOCPublic | Space infra | AI-adjacent | Profile |
| NovaIsrael (Rehovot) | NVMIPublic | Chip equipment | Enabler | Profile |
| NRG EnergyUnited States (Houston, Texas) | NRGPublic | Energy & grid | Infrastructure | Profile |
| NutanixUnited States (San Jose, California) | NTNXPublic | AI infra software | Enabler | Profile |
| nVentUnited Kingdom (London principal office; US management office in Minneapolis) | NVTPublic | Data centers | Enabler | Profile |
| NVIDIAUnited States | NVDAPublic | AI chips & networking | Direct | Profile |
| NXP SemiconductorsNetherlands (Eindhoven) | NXPIPublic | Chip mfg & packaging | AI-adjacent | Profile |
| OkloUnited States (Santa Clara, California) | OKLOPublic | Energy & grid | AI-adjacent | Profile |
| OMRONJapan (Kyoto) | 6645.TPublic | Robotics & physical AI | AI-adjacent | Profile |
| onsemiUnited States (Scottsdale, Arizona) | ONPublic | Chip mfg & packaging | AI-adjacent | Profile |
| Onto InnovationUnited States (Wilmington, Massachusetts) | ONTOPublic | Chip equipment | Enabler | Profile |
| OpenAIUnited States | PrivatePublic benefit corporation — not exchange-listed | Foundation models | Direct | Profile |
| OracleUnited States | ORCLPublic | Cloud & compute | Direct | Profile |
| OusterUnited States (San Francisco) | OUSTPublic | Robotics & physical AI | Enabler | Profile |
| Palantir TechnologiesUnited States | PLTRPublic | AI applications | Application | Profile |
| PDF SolutionsUnited States (Santa Clara, California) | PDFSPublic | Chip equipment | Enabler | Profile |
| Perplexity AIUnited States (San Francisco, CA) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| PhotronicsUnited States (Brookfield, Connecticut) | PLABPublic | Chip equipment | AI-adjacent | Profile |
| Physical IntelligenceUnited States (San Francisco, California) | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| Planet LabsUnited States | PLPublic | Space infra | Enabler | Profile |
| Pony.aiChina | PONYPublic | Robotics & physical AI | Direct | Profile |
| PrysmianItaly (Milan) | PRY.MIPublic | Energy & grid | AI-adjacent | Profile |
| QualcommUnited States (San Diego, California) | QCOMPublic | AI chips & networking | Enabler | Profile |
| Quanta ComputerTaiwan | 2382.TWPublic | Servers & AI factories | Enabler | Profile |
| Quanta ServicesUnited States (Houston, Texas) | PWRPublic | Energy & grid | Infrastructure | Profile |
| QuantinuumUnited States (Broomfield, Colorado) | QNTPublic | Quantum computing | AI-adjacent | Profile |
| Rainbow RoboticsSouth Korea | 277810.KQPublic | Robotics & physical AI | Direct | Profile |
| RambusUnited States (San Jose, California) | RMBSPublic | AI chips & networking | Enabler | Profile |
| RedwireUnited States | RDWPublic | Space infra | AI-adjacent | Profile |
| Rigetti ComputingUnited States (Berkeley, California) | RGTIPublic | Quantum computing | AI-adjacent | Profile |
| RoborockChina (Beijing) | 688169.SSPublic | Robotics & physical AI | AI-adjacent | Profile |
| RoboSenseChina (Shenzhen) | 2498.HKPublic | Robotics & physical AI | Enabler | Profile |
| ROBOTISSouth Korea (Seoul) | 108490.KQPublic | Robotics & physical AI | Enabler | Profile |
| Rocket LabUnited States | RKLBPublic | Space infra | AI-adjacent | Profile |
| Rockwell AutomationUnited States (Milwaukee, Wisconsin) | ROKPublic | Robotics & physical AI | AI-adjacent | Profile |
| RTXUnited States (Arlington, Virginia) | RTXPublic | Space infra | AI-adjacent | Profile |
| RunwayUnited States (New York City) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| Safe SuperintelligenceUnited States (Palo Alto, CA) and Israel (Tel Aviv) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| SambaNova SystemsUnited States (Palo Alto, California) | PrivateNot publicly traded | AI chips & networking | Direct | Profile |
| Samsung ElectronicsSouth Korea | 005930.KSPublic | Chip mfg & packaging | Enabler | Profile |
| SandiskUnited States | SNDKPublic | Chip mfg & packaging | Enabler | Profile |
| Scale AIUnited States (San Francisco, California) | PrivateNot publicly traded | AI infra software | Enabler | Profile |
| Schneider ElectricFrance | SU.PAPublic | Data centers | Enabler | Profile |
| SCREEN HoldingsJapan (Kyoto) | 7735.TPublic | Chip equipment | Enabler | Profile |
| SeagateSingapore (Singapore); parent is Seagate Technology Holdings plc, an Irish public limited company | STXPublic | Chip mfg & packaging | Enabler | Profile |
| SemtechUnited States (Camarillo, California) | SMTCPublic | AI chips & networking | Enabler | Profile |
| Serve RoboticsUnited States (Los Angeles) | SERVPublic | Robotics & physical AI | Direct | Profile |
| ServiceNowUnited States (Santa Clara, California) | NOWPublic | AI applications | Application | Profile |
| SESLuxembourg (Betzdorf) | SESG.PAPublic | Space infra | AI-adjacent | Profile |
| SiemensGermany | SIE.DEPublic | AI applications | Application | Profile |
| Sierra SpaceUnited States | PrivateNot publicly traded | Space infra | AI-adjacent | Profile |
| Sivers SemiconductorsSweden (Kista) | SIVE.STPublic | AI chips & networking | Enabler | Profile |
| SK hynixSouth Korea | 000660.KSPublic | Chip mfg & packaging | Enabler | Profile |
| Skild AIUnited States | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| SKY Perfect JSATJapan (Tokyo) | 9412.TPublic | Space infra | AI-adjacent | Profile |
| SkydioUnited States | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| SnowflakeUnited States (Bozeman, Montana) | SNOWPublic | AI infra software | Enabler | Profile |
| SoftBank GroupJapan | 9984.TPublic | Financial & investment | Infrastructure | Profile |
| SoitecFrance (Bernin, near Grenoble) | SOI.PAPublic | Chip mfg & packaging | Enabler | Profile |
| SpaceXUnited States | SPCXPublic | Space infra | AI-adjacent | Profile |
| SpaceXAI (formerly xAI)United States | AcquiredNow part of SpaceX | Foundation models | Direct | Profile |
| SpireUnited States (Vienna, Virginia) | SPIRPublic | Space infra | Application | Profile |
| Stability AIUnited Kingdom (London) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| StarcloudUnited States | PrivateNot publicly traded | Space infra | Direct | Profile |
| STMicroelectronicsSwitzerland (Geneva) | STMPublic | Chip mfg & packaging | AI-adjacent | Profile |
| Sumitomo ElectricJapan (Osaka) | 5802.TPublic | AI chips & networking | AI-adjacent | Profile |
| SunoUnited States (Cambridge, Massachusetts) | PrivateNot publicly traded | Foundation models | Direct | Profile |
| SupermicroUnited States | SMCIPublic | Servers & AI factories | Enabler | Profile |
| SymboticUnited States | SYMPublic | Robotics & physical AI | Direct | Profile |
| SynopsysUnited States | SNPSPublic | Chip equipment | Enabler | Profile |
| Talen EnergyUnited States | TLNPublic | Energy & grid | Infrastructure | Profile |
| TE ConnectivityIreland (Galway) | TELPublic | AI chips & networking | AI-adjacent | Profile |
| Techman RobotTaiwan | 4585.TWPublic | Robotics & physical AI | Direct | Profile |
| Tempus AIUnited States (Chicago, Illinois) | TEMPublic | AI applications | Application | Profile |
| TencentChina (Shenzhen) | 0700.HKPublic | Foundation models | Direct | Profile |
| TenstorrentUnited States (Santa Clara, California), founded in Toronto, Canada | PrivateNot publicly traded | AI chips & networking | Direct | Profile |
| TeradataUnited States (San Diego, California) | TDCPublic | AI infra software | AI-adjacent | Profile |
| TeradyneUnited States (North Reading, Massachusetts) | TERPublic | Chip equipment | Enabler | Profile |
| TeslaUnited States (Austin, Texas) | TSLAPublic | Robotics & physical AI | Direct | Profile |
| Texas InstrumentsUnited States (Dallas, Texas) | TXNPublic | Chip mfg & packaging | AI-adjacent | Profile |
| TFC Optical CommunicationChina (Suzhou) | 300394.SZPublic | AI chips & networking | Enabler | Profile |
| Thrive CapitalUnited States | PrivateNot publicly traded | Financial & investment | Infrastructure | Profile |
| Together AIUnited States (San Francisco, California) | PrivateNot publicly traded | Cloud & compute | Direct | Profile |
| Tokyo ElectronJapan (Tokyo) | 8035.TPublic | Chip equipment | Enabler | Profile |
| Tower SemiconductorIsrael (Migdal Haemek) | TSEMPublic | Chip mfg & packaging | Enabler | Profile |
| Toyota MotorJapan | TMPublic | Robotics & physical AI | AI-adjacent | Profile |
| Trane TechnologiesIreland (Swords) | TTPublic | Data centers | Enabler | Profile |
| TSMCTaiwan | TSMPublic | Chip mfg & packaging | Enabler | Profile |
| UBTECH RoboticsChina | 9880.HKPublic | Robotics & physical AI | Direct | Profile |
| UCT (Ultra Clean Holdings)United States (Hayward, California) | UCTTPublic | Chip equipment | Enabler | Profile |
| UMCTaiwan (Hsinchu) | UMCPublic | Chip mfg & packaging | Enabler | Profile |
| United Launch AllianceUnited States | SubsidiaryPart of Boeing and Lockheed Martin (50-50 joint venture) | Space infra | AI-adjacent | Profile |
| Unitree RoboticsChina (Hangzhou) | 688836.SSPublic | Robotics & physical AI | Direct | Profile |
| Universal RobotsDenmark | SubsidiaryPart of Teradyne | Robotics & physical AI | Enabler | Profile |
| VantorUnited States | PrivateNot publicly traded | Space infra | Application | Profile |
| VeecoUnited States (Plainview, New York) | VECOPublic | Chip equipment | Enabler | Profile |
| VertivUnited States | VRTPublic | Data centers | Enabler | Profile |
| ViasatUnited States | VSATPublic | Space infra | AI-adjacent | Profile |
| VIAVIUnited States (Chandler, Arizona) | VIAVPublic | AI chips & networking | AI-adjacent | Profile |
| Vistra CorpUnited States | VSTPublic | Energy & grid | Infrastructure | Profile |
| VNETChina (Beijing) | VNETPublic | Data centers | Infrastructure | Profile |
| Voyager TechnologiesUnited States | VOYGPublic | Space infra | AI-adjacent | Profile |
| WaymoUnited States (Mountain View, California) | SubsidiaryPart of Alphabet Inc. | Robotics & physical AI | Direct | Profile |
| WayveUnited Kingdom | PrivateNot publicly traded | Robotics & physical AI | Direct | Profile |
| WD (Western Digital)United States (San Jose, California) | WDCPublic | Chip mfg & packaging | Enabler | Profile |
| WeRideChina (Guangzhou) | WRDPublic | Robotics & physical AI | Direct | Profile |
| WhiteFiberUnited States (New York) | WYFIPublic | Cloud & compute | Direct | Profile |
| WIN SemiconductorsTaiwan (Taoyuan) | 3105.TWOPublic | Chip mfg & packaging | AI-adjacent | Profile |
| WinbondTaiwan (Taichung) | 2344.TWPublic | Chip mfg & packaging | Enabler | Profile |
| WiproIndia (Bengaluru) | WITPublic | AI applications | AI-adjacent | Profile |
| XanaduCanada (Toronto) | XNDUPublic | Quantum computing | AI-adjacent | Profile |
| XiaomiChina (Beijing) | 1810.HKPublic | AI applications | Application | Profile |
| XPengChina (Guangzhou) | XPEVPublic | Robotics & physical AI | Application | Profile |
| Yaskawa ElectricJapan | 6506.TPublic | Robotics & physical AI | Enabler | Profile |
| YOFCChina (Wuhan) | 601869.SSPublic | AI chips & networking | AI-adjacent | Profile |
| Zhejiang Sanhua Intelligent ControlsChina | 002050.SZPublic | Robotics & physical AI | Enabler | Profile |
| Zhipu AIChina (Beijing) | 2513.HKPublic | Foundation models | Direct | Profile |
| Zhongji InnolightChina (operating business InnoLight headquartered in Suzhou, Jiangsu) | 300308.SZPublic | AI chips & networking | Enabler | Profile |
01 / MISSION
MAKE THE AI ECONOMY VISIBLE
Most people see products.
We map the system beneath them.
AI is not one industry. It is a chain of power generation, fabrication equipment, chips, data centers, cloud platforms, models, software and physical machines. This database — and the relationship map behind it — show how those layers depend on one another, and the evidence behind every connection.
Show the evidence
Every published connection is tied to a readable source, date, classification and statement of its limits.
Separate signal from hype
Current operations, dated announcements and competitive comparisons stay visibly distinct, and every record carries the date its evidence was published and the date it was last reviewed.
Explain it plainly
Built for intelligent non-specialists who want the system without reading hundreds of filings.
FOUNDER'S NOTE
“AI optimism
without bullshit.”
Acts of Evolution is an independent educational research project founded by Steven Dudley. It begins with a simple question: what is actually being built, why does it matter, and how are the companies building it connected?
We cover opportunity and constraint with equal seriousness. Inclusion in this database is not an endorsement of a company or its securities.
STAY WITH THE MAP
Get the headwinds and tailwinds as they land.
One short email when something actually moves the map: a new signal in the Pulse feed, a change in the thesis tracker, a correction to the database, or a new explainer. Every claim arrives with its source and its date attached.
What it never contains: tips, price targets, ratings, or anything that reads as investment advice. This is a research map, not a newsletter about what to buy.
OR FOLLOW ALONG
The short version, on your feed.
Every briefing gets a post with the same discipline as the map: the claim, the source and the date. The long version, with the evidence and the limits, always lives here.
A CURATED, EXPANDING MAP OF THE AI ECONOMY