Market map
The AI landscape
Understand providers and their relationships
How the AI industry fits together
- Chips
Processors and accelerators perform the calculations. Hardware is a different layer from the model or app.
Example NVIDIA- Compute
Cloud and data-center providers supply systems for training and inference. Inference means running a trained model to produce an answer.
Example CoreWeave- Models
Labs develop models that process language, images, or other inputs. The same model can appear in several applications.
Example Google DeepMind- Data and development services
Datasets, evaluation, and safety testing support development and operation. These services work across several layers.
Example Scale AI- Applications
This is where you use AI for a specific task, such as software development. The application and an embedded model can have different providers.
Example Cursor
Capital connects these layers without being another technical layer. The directory’s open-weights category is not a separate layer either. It describes how model weights are made available. Each license determines how you may use them.
What this means for your choice
- When choosing a tool, check the application and model separately. A product name alone does not tell you which model processes your request.
- When assessing dependencies, separate ownership, capital, and compute contracts. A cloud partnership alone does not make a lab a subsidiary.
- For privacy, check the terms of the specific product. Headquarters, investors, and group membership do not establish a processing location.
Who is connected to whom
Control
OpenAI Foundation / OpenAI
The Foundation appoints and can replace every director of OpenAI Group PBC. Control comes from special governance rights rather than a majority equity stake.
Evidence · checked
Acquisition
SpaceX / SpaceXAI (xAI)
SpaceX confirms its completed acquisition of xAI.
Evidence · checked
Acquisition
SpaceX / Cursor
Cursor confirms the acquisition closing and access to SpaceX compute. The announcement does not disclose a purchase price.
Evidence · checked
Group unit
Google / Google DeepMind
Google’s research unit combines the DeepMind and Google Brain teams.
Evidence · checked
Investment
SoftBank / OpenAI
After its final tranche, SoftBank reports $64.6B invested cumulatively and an approximately 13% stake. These figures refer to that announcement.
Evidence · checked
Investment
Amazon / Anthropic
Amazon announces another $5B on top of a previous $8B, with up to $20B more in the future. The possible $33B total is not an investment already paid in full.
Evidence · checked
Cloud distribution
Microsoft Azure / Anthropic
Claude is offered through Microsoft Foundry. This distribution channel is separate from Microsoft’s investment commitment.
Evidence · checked
Compute contract
CoreWeave / OpenAI
CoreWeave reports OpenAI contracts worth up to approximately $22.4B. This is contracted compute, not revenue already earned or an equity stake.
Evidence · checked
Investment
Meta / Scale AI
Scale reports a minority investment by Meta and describes itself as remaining independent in that announcement. A minority stake does not establish a full acquisition.
Evidence · checked
Where the money goes
This selection is not a complete funding history. Cumulative investments and conditional ceilings cannot be added into a paid total or a single funding round. Cloud purchase contracts flow in the opposite direction. AI statistics · OpenAI IPO
What each capital figure means
| Connection | USD billions | Qualification | Source and date |
|---|---|---|---|
| SoftBank / OpenAI | Invested64.6 | Cumulative investment after the final $10B tranche. SoftBank reports an approximately 13% stake. | 2026-10-01 |
| Amazon / OpenAI | Up to50 | $15B initially, with another $35B subject to conditions. The separate AWS compute contract is not added here. | 2026-02-27 |
| Nvidia / OpenAI | Committed30 | NVIDIA’s contribution to the financing round. No additional $100B ribbon from the 2025 letter of intent. | 2026-02-27 |
| Amazon / Anthropic | Up to33 | $8B previously, $5B in April 2026, and up to $20B in the future. $33B is a conditional ceiling. | 2026-04-20 |
| Nvidia / Anthropic | Up to10 | Announced investment of up to $10B. Compute capacity and purchase contracts are separate commitments. | 2025-11-18 |
| Microsoft / Anthropic | Up to5 | Announced investment of up to $5B. Anthropic’s $30B Azure purchase agreement is not investment in Anthropic. | 2025-11-18 |
Sources checked 2026-10-07
What the labs are worth
Reference date and source for each valuation
This is a selection of dated private financing valuations. It does not measure stock prices or form a complete ranking. SparkLabs describes the Prometheus valuation as approximate.
| Company | USD billions | Source and date |
|---|---|---|
| Anthropic | 965 | Anthropic (2026-05-28) |
| OpenAI | 852 | OpenAI (2026-03-31) |
| Databricks | 190 | Databricks (2026-08-13) |
| Cognition | 48 | Latham & Watkins (2026-09-08) |
| Prometheus | 41 | SparkLabs (Portfolio) (2026-06) |
Sources checked 2026-10-07
OpenAI, ownership and control
Where the private money sits
Explore four regional world maps
Companies, projects, and products
Frequently asked questions about the AI landscape
Changelog
Capital and ownership
- Dated capital sources separating investments from conditional ceilings
- OpenAI ownership as an October 2025 snapshot and SoftBank’s confirmed final tranche
- Current valuations, Stanford regional data, and individually sourced directory entries
Directory expansion
- Google Cloud hyperscaler, Canadian AI institutes, open-weights collectives, VC nodes