By Emma Waldman
Publication Date: 2026-06-05 12:45:00
ILLUSTRATION – 22 October 2025, Mecklenburg-Western Pomerania, Schwerin: Several AI applications can be seen on a smartphone screen, including ChatGPT, Claude, Gemini, Perplexity, Microsoft Copilot, Meta AI, Grok and DeepSeek. The apps are grouped in a folder labeled “AI”. Artificial intelligence applications from various providers are increasingly shaping everyday digital life – from text and image generators to research and assistance functions. Photo: Philip Dulian/dpa (Photo by Philip Dulian/picture alliance via Getty Images)
dpa/picture alliance via Getty Images
The next phase of AI adoption hinges less on model breakthroughs and more on who controls the infrastructure behind them. Anthropic and OpenAI build the leading AI models. Nvidia sets the pace for the world’s AI hardware.
Wall Street analysts have revised expectations upward as Anthropic and OpenAI move toward public offerings and Nvidia climbs further beyond a $5 trillion market cap. As Forbes contributor Drew Bernstein notes, access to the computing power needed to build and run advanced AI systems is now “shaping how Washington, Wall Street and the global tech industry think about who controls the next era of compute.”
Investors are watching three leaders whose decisions increasingly shape the sector: Dario Amodei at Anthropic, Sam Altman at OpenAI and Jensen Huang at Nvidia. Their positions on computing power, supply chains and global partnerships often diverge. Bernstein points to the public clash…