The companies behind AI

25 of 42 companies

Company	As buyer	As provider	Largest stated value	Critical IT load	Capacity in GW
AlphabetHyperscaler, AI lab · US · Public · NASDAQ: GOOGL	—Not tracked yet	1	≥$121.3Bat least $121.3B	—No capacity stated	≈3.5 GW
AMDChips · US · Public · NASDAQ: AMD	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
BroadcomChips · US · Public · NASDAQ: AVGO	—Not tracked yet	2	—Not tracked yet	—No capacity stated	≈3.5 GW
MMicronChips · US · Public · NASDAQ: MU	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
MicrosoftHyperscaler · US · Public · NASDAQ: MSFT	2	1	≥$47.2Bat least $47.2B	—No capacity stated	≤1 GW
NVIDIAChips · US · Public · NASDAQ: NVDA	—Not tracked yet	1	≥$47.2Bat least $47.2B	—No capacity stated	largest ≥10 GWnot added: stated with different bases (about, up to, more than)
TSMCChips · TW · Public · NYSE: TSM	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
AkamaiCloud · US · Public · NASDAQ: AKAM	—Not tracked yet	1	≈$11.6Babout $11.6B	—No capacity stated	—No capacity stated
OracleHyperscaler · US · Public · NYSE: ORCL	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
TeraWulfData centers, Power · US · Public · NASDAQ: WULF	—Not tracked yet	2	≈$19Babout $19B	≈569 MWsum of 2 stated values	—No capacity stated
VistraPower · US · Public · NYSE: VST	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
SpaceXAI lab · US · Public · NASDAQ: SPCX	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
NebiusNeocloud · NL · Public · NASDAQ: NBIS	—Not tracked yet	1	≈$17.4Babout $17.4B	—No capacity stated	—No capacity stated
CoreWeaveNeocloud · US · Public · NASDAQ: CRWV	—Not tracked yet	1	≤≈$6.5Bup to about $6.5B	—No capacity stated	—No capacity stated
Samsung ElectronicsChips · KR · Public · Listed on the Korea Exchange (KRX)	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
AmazonHyperscaler · US · Public · NASDAQ: AMZN	—Not tracked yet	1	≥$110Bat least $110B	—No capacity stated	≤5 GW
CerebrasChips · US · Public · NASDAQ: CBRS	—Not tracked yet	1	>$20Bmore than $20B	750 MW	1.25 GW
ASMLChips · NL · Public · NASDAQ: ASML	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
AlibabaAI lab, Cloud · CN · Public · NYSE: BABA	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
Constellation EnergyPower · US · Public · NASDAQ: CEG	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
MetaHyperscaler, AI lab · US · Public · NASDAQ: META	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
MiniMaxAI lab · CN · Public · Listed in Hong Kong	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
Talen EnergyPower · US · Public · NASDAQ: TLN	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
X-energyPower · US · Public · NASDAQ: XE	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated
Z.aiAI lab · CN · Public · Listed in Hong Kong	—Not tracked yet	—Not tracked yet	—Not tracked yet	—No capacity stated	—No capacity stated

* Equity raised in closed primary rounds Tokscale tracks, per currency. Excludes debt, secondary sales, Form D amounts and money already counted inside a later round. “—” means not tracked yet; it is never zero. Method →