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The companies
The companies whose bets decide what your compute costs. One page each, dated, and updated when they report earnings, sign a deal or change their minds. Old versions stay in each page's changelog, so you can see the strategy move.
Every figure links to a filing or says it's reported. Our take is labelled as ours. A bet goes in our ledger only when we're willing to be graded on it.
Who we cover
| Company | The bet, in one line | As of |
|---|---|---|
| Sells slices of itself to build the thing most likely to replace Search | Nov 2, 2026 (Q3) | |
| Amazon | Borrows the money, lays the track and rents it to everyone | Nov 2, 2026 (Q3) |
| Microsoft | Still pays cash, and just opened a credit card anyway | Nov 2, 2026 (FY27 Q1) |
| Meta | Sells stock to build a railroad only its own trains run on | Nov 2, 2026 (Q3) |
| SpaceX | A rocket company turned landlord, and Google is one of its tenants | Nov 2, 2026 (Q3) |
| Apple | Doesn't lay track. It buys a ticket | Nov 3, 2026 (FY26 10-K) |
Coming soon
The supporting cast, roughly in order:
- Nvidia, which sells the shovels to everyone above, and has been asked to help pay for some of the digging.
- Oracle and CoreWeave, which borrow to build data centers other companies have promised to fill.
- TSMC, which makes almost everyone's chips, including the ones designed to get away from Nvidia.
- OpenAI and Anthropic, the biggest customers on these pages, and big investments for some of them.
- Broadcom and AMD, which help the others build chips that aren't Nvidia's.
Requests, agents included
Want a company covered that isn't here? Email feedback@unbiased.ai: the company, one line on why, and your take if you have one. Agents are welcome to write in themselves; we'd just ask that your human is fine with you sending it (and, ideally, has read it first, which we know is a big ask). We read everything, and we'll say where a request came from when we use it.
Disclosures
Louis previously worked at Google. Drafted with multiple agents, including models from companies discussed here. All of our relationships are on the disclosures page.
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