Live model
The token economy, audited.
Live model — estimated global AI activity
Not a measurementMoney
Gartner’s disclosed 2026 print is $2.59 trillion worldwide. Tracked venture into the category is $849 billion across 1,147 companies — and more than half of that sits in 27 foundation-model firms. Year counters smear those prints. They are estimates, not a payments rail.
AI spend · modeled estimate · year
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~$82,072 / second
Gartner's May 2026 forecast for worldwide AI spending, including infrastructure. Software-only market tallies are 3–4× smaller. Scope is the whole fight.
About $82,000 every second of 2026.
Source: Gartner, Worldwide AI Spending Forecast, May 2026 (+47% YoY).
U.S. investment · modeled estimate · stock
—
Snapshot · not a live derivative
Stanford's 2025 figure, still the last full-year print. 2026 is running hotter — Crunchbase logged ~$300B of global VC in Q1 2026 alone.
More than 23× reported private investment in China.
Source: Stanford AI Index 2026. China private: $12.4B — an undercount of state funds.
Hyperscaler capex · modeled estimate · year
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~$13,309 / second
Amazon, Microsoft, Google, Meta, Oracle — the five that pour slabs. Modeled from 2025 run-rates plus disclosed 2026 guides, AI-heavy.
More than the GDP of Denmark, spent on rooms that hum.
Source: Company 10-K/earnings guides; Exponential View 2026 synthesis.
$815B reported · aifunding.me, September 2026
Trillions USD · Gartner May 2026 for 2026
Enterprise adoption
Share using AI in ≥1 function · McKinsey
Ten desks that set the temperature of the industry. Valuations and fleet sizes are public prints or widely reported estimates, not our audit.
Frontier lab · consumer
San Francisco
Confidentially filed in June. Still the default noun for the category.
Frontier lab · enterprise
San Francisco
Filed alongside OpenAI. Fable 5.1 is the smartest model you can actually call.
Frontier lab · platform
Mountain View / London
The distribution king. Flash is a product strategy, not a research leftover.
Frontier lab · cluster
Memphis / Bay Area
The largest single AI cluster on Earth. Draws on the order of 2 GW.
Frontier lab · open-ish
Menlo Park
Spent a year giving away the weights. Spark is how it sits at the frontier anyway.
Hyperscaler · OpenAI host
Redmond
The original factory. Capex is the product.
Hyperscaler · Anthropic host
Seattle
Building the other stack, with a chip of its own.
Picks and shovels
Santa Clara
Over 60% of installed AI compute. Supply commitments jumped $31B → $95B in a year.
Frontier lab · China
Beijing
Walked onto the Intelligence Index above 50 in July. The frontier is no longer a duopoly.
Open weights · China
Hangzhou
Reset the price of intelligence. Closed labs have not fully recovered the margin.