Featured · Money
Who gets paid when a model gets smarter: a follow-the-invoice map.
Chips, power, tokens, wrappers. The margin lives in exactly one of these.
· 4 min read

Frontier Lab · Private company
Europe's frontier contender, leaning on open-weight releases and sovereignty as a wedge against the US labs.
Indicative per-share prices from private-share marketplaces, each calculated daily by the platform itself. They price the same share differently, and neither is a tradable quote.
Hiive Price
As of Sep 15, 2026 · calculated daily
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Source: Hiive
Last primary round: Series D · 2026 · $14B, curated from reported financings · For information only, not investment advice