Bloomberg just published this fascinating map of the AI power network, showing how companies like NVIDIA, OpenAI, Microsoft, AMD, Oracle, and Intel are now intertwined through billions in deals, compute, and equity. It’s not just a supply chain anymore. It’s a feedback loop — where hardware, software, and capital keep feeding each other.
NVIDIA sits at the center with a $4.5 trillion market cap, investing up to $100 billion in OpenAI, while selling GPUs to Oracle, AMD, xAI, and everyone else.
OpenAI, in turn, signs a $300 billion cloud deal with Oracle, deploys 6 gigawatts of AMD GPUs, and gives AMD an option to buy 160 million OpenAI shares.
Microsoft is still the connective tissue, part investor, part service provider, part enabler.