To get a sense of these concentrations, consider that the combined revenues of companies in Fortune’s Global 500 are already at 44 percent of world GDP. Their total profits are larger than all but the top six countries’ annual GDPs. Companies already control the largest clusters of AI processors, the best models, the most advanced quantum computers, and the overwhelming majority of robotics capacity and IP. Unlike with rockets, satellites, and the internet, the frontier of this wave is found in corporations, not in