◉ PSYCHOHISTORY

Jensen Huang

playerAI & Compute · Money & Finance · Nations & Geopolitics
One company makes almost all the chips that power AI, and the same three financial giants that own the oil companies also own it.
Who they are

Jensen Huang, CEO of Nvidia[1].

What they do

His company controls more than 90% of the market for the GPUs used to train AI.

How it works

Nvidia's H100/H200/B100/B200 chip line drove revenue past $60B in 2024, and its big institutional owners are Vanguard (~9.19%, $380B), BlackRock (~7.86%, $325B) and State Street, the same 'Big Three' that own so much else; it's also a key partner in the Genesis Mission / Project Prometheus efforts.

Why it matters

The engine frames GPUs as 'the new oil,' and the striking point is that the same three firms that own the oil giants also own the company that controls the physical hardware AI runs on.

What's new (Aug–Oct 2026)

Aug 19, 2026 — Small batches of Nvidia H200 chips were allowed into mainland China (Business Standard, 19 Aug). ByteDance and Tencent each took delivery of roughly 10,000 H200s, with each purchase approved by China's planning agency, the NDRC (Tom's Hardware, 21 Aug). (business-standard.com ; tomshardware.com)
Aug 26, 2026 — Nvidia reported results for the quarter ended July 26, 2026: revenue of $96.2bn, up 18% from the prior quarter and 106% from a year earlier (the Guardian says $92bn was expected); data-center revenue of $89bn; operating income of $63.7bn (ynet). (nvidianews.nvidia.com ; ynetnews.com ; theguardian.com)
Sept 3, 2026 — Nvidia agreed to buy Hugging Face for $12,930,300,000 (Nvidia blog, Jensen Huang); the BBC put it at about $12.9bn (£9.5bn). Huang said Nvidia computing will not be required to build on or deploy through Hugging Face. (cnbc.com ; blogs.nvidia.com ; bbc.co.uk ; techcrunch.com)
Sept 28, 2026 — Nvidia said Anthropic has contracted $180bn in infrastructure value. Nvidia sped up its stock buyback by $150bn, to a total authorization of $235bn. TechTimes puts its Vera Rubin systems at "$40 billion per gigawatt". (techtimes.com ; gurufocus.com)

The engine's record — word for word
Nvidia CEO. Controls 90%+ of AI training GPU market. H100/H200/B100/B200 progression. Revenue $60B+ (2024). Institutional ownership: Vanguard ~9.19% ($380B), BlackRock ~7.86% ($325B), State Street. Same Big Three financial architecture owns the physical cognitive substrate. Key partner in Genesis Mission / Project Prometheus. The GPU is the new oil — and the same three firms that own the oil companies own the GPU monopoly. [Live pass Oct 6 2026] ~2026-08-19 — Small batches of Nvidia H200 chips allowed into mainland China (Business Standard 19 Aug); ByteDance and Tencent each took delivery of roughly 10,000 H200s under NDRC per-purchase approval (Tom's Hardware 21 Aug). (business-standard.com ; tomshardware.com) | 2026-08-26 — Nvidia Q2 FY2027 (quarter ended July 26, 2026): revenue $96.2bn, up 18% q/q and 106% y/y (Guardian: vs $92bn expected); data-center revenue $89bn; operating income $63.7bn (ynet). (nvidianews.nvidia.com ; ynetnews.com ; theguardian.com) | 2026-09-03 — Nvidia agreed to acquire Hugging Face for $12,930,300,000 (Nvidia blog, 3 Sep, Jensen Huang); BBC: about $12.9bn (£9.5bn). Huang: Nvidia compute will not be required to build on or deploy through Hugging Face. (cnbc.com ; blogs.nvidia.com ; bbc.co.uk ; techcrunch.com) | 2026-09-28 — Nvidia: Anthropic has contracted $180bn in infrastructure value; Nvidia accelerated its buyback by $150bn to a total authorization of $235bn. TechTimes gives Vera Rubin at "$40 billion per gigawatt". (techtimes.com ; gurufocus.com)
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