Instruments
Companies
Quick access to any firm, arranged by its layer in The Complex. Click a chip to open the firm’s dossier. For the scored board — the six fragility indicators by company, by layer — open The Complex.
Position in the chain is determined by what a company supplies, not by what it is called or how AI-adjacent it feels. This is the only test a reader can check us on, and it is applied identically to every name considered.
Sells the machines — silicon, fab equipment, servers, networking.
Sells capacity — operates data centres and rents compute at scale, including neoclouds.
Sells or serves frontier models — trains foundation models as its primary business.
Sells software built on models — applications, tooling and platforms above the model layer.
Sells power, or the systems that generate, deliver and manage it — the physical constraint under the whole build-out. Energy and power only.
These names remain in companies.json and keep their /instruments/markets/<ticker>/ pages. They are the market comparison set — referenced from Markets, not a layer of The Complex.