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Global giants in the AI supply chain

Author

Listed:
  • Jon Frost
  • Kumar Rishabh
  • Vatsala Shreeti

Abstract

Globally, the largest artificial intelligence (AI) firms are based in the United States, China, Chinese Taipei, Korea and the Netherlands. These global AI giants account for an increasing share of total market capitalisation, capital expenditure and revenues in their respective jurisdictions. For many AI giants – and particularly those from the United States and China – scope and scale go together as they expand the breadth of their activities into multiple layers in the AI supply chain.

Suggested Citation

  • Jon Frost & Kumar Rishabh & Vatsala Shreeti, 2026. "Global giants in the AI supply chain," BIS Bulletins 122, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:122
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    References listed on IDEAS

    as
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    3. Daron Acemoglu & Vasco M. Carvalho & Asuman Ozdaglar & Alireza Tahbaz‐Salehi, 2012. "The Network Origins of Aggregate Fluctuations," Econometrica, Econometric Society, vol. 80(5), pages 1977-2016, September.
    4. Iñaki Aldasoro & Sebastian Doerr & Daniel Rees, 2026. "Financing the AI boom: from cash flows to debt," BIS Bulletins 120, Bank for International Settlements.
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