Power Concentration in AI — Live Figures
| Metric | Current (Q2 2026) | Prev. Qtr | Trend | Source |
|---|---|---|---|---|
| The Money — Scale of Capital | ||||
| Nvidia market capitalization | ~$4.7 trillion | — | ↑ | CompaniesMarketCap |
| Combined annual AI capex, top four hyperscalers (2026E) | $650–725 billion | — | ↑ | Company earnings guidance |
| Amazon annual free cash flow | $11B (from $38B) | — | ↓ | Amazon 2025 10-K |
| The Inner Ring — Control vs. Ownership | ||||
| Zuckerberg voting power vs. economic stake (Meta) | 61% / 14% | — | → | Meta DEF 14A |
| Page & Brin voting power vs. economic stake (Alphabet) | 52.7% / 11.5% | — | → | Alphabet DEF 14A |
| Microsoft equity stake in OpenAI | ~27% | — | → | Company disclosures |
| Anthropic board seats appointed by the Long-Term Benefit Trust | 3 of 5 | — | → | Anthropic |
| The Interlock — Chokepoints | ||||
| Nvidia share of AI training chips | >90% | — | → | Analyst est. (Mercury / SemiAnalysis) |
| TSMC leading-edge (≤7nm) share of wafer revenue | 74% | — | ↑ | TSMC FY2025 report |
| Top-three cloud providers' market share (AWS + Azure + Google) | 63% | — | → | Synergy Research |
| Microsoft share of CoreWeave revenue | 67% | — | ↑ | CoreWeave 10-K |
| The Outer Ring — Footprint & Accountability | ||||
| Data centers' share of global electricity | 1.5% (→~3% by 2030) | — | ↑ | IEA |
| Data centers' share of Virginia's electricity | 26% | — | ↑ | IEA |
| Virginia localities approving data centers under NDAs | 25 of 31 | — | → | Univ. of Mary Washington |
| AI super-PAC money raised this election cycle | ~$200 million | — | ↑ | OpenSecrets |
↑ rising concentration → structurally stable ↓ falling
Figures are point-in-time and reported by the sources above; market values and capex move daily and are shown as of the stated quarter. Structural figures (voting control, board composition) change only when a company restructures. “Prev. Qtr” will populate from the next update onward, building a visible record of change over time.