The company-first map of the AI product economy.

Andrew Ng's education company: Coursera specializations plus fast, often free vendor-taught short courses.

Scale AI sells data labeling and model evals; Meta bought 49% for about $14B and hired away its founder.

Cohere sells privately deployable language models to banks, telcos, and governments — the anti-hyperscaler bet.

Meta funds frontier AI with ad money: Superintelligence Labs, the Muse model series, and distribution to billions.

xAI, maker of Grok, was absorbed into SpaceX and now trades as part of Nasdaq-listed SPCX.

Harvey builds legal-specific AI for law firms and in-house teams; backed by the OpenAI Startup Fund, valued at $11B.

Glean turns a company's scattered apps into one permissions-aware AI search box, with an agent platform on top.

Synthesia sells AI avatar video to enterprises — a $4B company built on training and comms, not cinematic generation.

ElevenLabs turns text into production-grade speech — an $11B voice AI firm with dubbing, agents, and a developer API.

Snowflake runs a consumption-billed data cloud and pushes Cortex AI into the governed data enterprises store there.

Databricks sells a lakehouse platform for enterprise data and AI, private at a $134B valuation and a $5.4B run rate.

The distribution hub for open-weight AI — 2.4M+ models on the Hub — monetized through enterprise tools and inference.

Mistral AI ships open-weight and commercial models from Paris, with Le Chat and revenue past $400M annualized.

Runway builds Gen-series video models and world models for film and ad production, valued at $5.3 billion.

Midjourney sells subscription AI image generation — bootstrapped, profitable, and still refusing venture capital.

Anysphere makes Cursor, the agentic code editor SpaceX agreed to buy for $60 billion in stock.

Perplexity runs a cited answer engine and the Comet agentic browser, valued near $20B on roughly $450M annual revenue.

NVIDIA sells the GPUs, systems, networking, and CUDA software that most AI training and inference still runs on.

Microsoft sells AI as software seats: Copilot across Office and Windows, Azure AI compute, and GitHub's developer base.

Google DeepMind is Alphabet's AI division: Gemini models, Nobel-winning research, and a fresh leadership handoff.

Anthropic sells Claude to enterprises and developers and out-earns every rival lab on a fraction of the users.

OpenAI sells ChatGPT subscriptions and GPT-5 model APIs, with an S-1 on file and an IPO pushed rather than priced low.