The 5 largest world commercial rivalries to monitor and how their results will shape the future

Consult the list of the most powerful people in fortune 2025 here.

Ai chips

Jensen Huang
CEO, President and Co -founder, NVIDIA – United States

The CEO of Nvidia, Jensen Huang, could be forgiven for having taken a moment to savor the meteoric rise of his business at the stock market top, motivated by the demand for demand for his high performance chips that electrify the generator. Now the most precious company in the world, NVIDIA controls more than 90% of the market for specialized fleas used to cause and manage AI systems – by putting domination into the material race fueling the BOOM of AI. However, Huang keeps an eye on the horizon. AMD is positioned as a viable alternative, while startups like Groq, Cerebras and Sambanova bet on personalized fleas designed to accelerate the inference of the AI. None constitutes a serious threat to the domination of Nvidia – but.

Lisa are
CEO and President, AMD – United States

The CEO of AMD, Lisa SU, never met her Germain cousin once kidnapped, Jensen Huang, until the two went up to direct two of the most powerful flea manufacturers in the world. “There were no family dinners,” said in a recent interview. “It is an interesting coincidence.” But both cannot avoid some now. The company’s headquarters a few kilometers in the same city of Silicon Valley, AMD pushes hard to settle as a second viable source for IA fleas in the middle of demand for demand. The company has obtained victories from large players such as Microsoft and Meta – both wishing to diversify their supply chains and reduce dependence on the hardware and closely controlled software of Nvidia. –Sharon Goldman

Musk: Win McNamee – Getty Images; Wang: VCG / Getty images

Electric vehicles

Elon Musk
CEO, co -founder and other roles, Tesla, SpaceX, XAI and others – we

Elon Musk, the man who brought electric vehicles to the masses, saw Tesla’s fortune eroding while he takes place in social media and politics. Tesla’s annual deliveries in 2024 decreased for the first time and continued to decrease from year to year each quarter since then. Musk has bet the future on Tesla AI and the autonomous driving system reserved for the camera, with a soft Robotaxi launch in June and the continuous development of its humanoid robot. Critics argue that the autonomous technology of the company is well behind that of competitors like Waymo and Alphabet byd. Although Tesla is always the most precious automotive company in the world, it is not clear that it will keep the first place.

WANG CHUANFU
CEO, president and founder, byd – China

The late Charlie Munger, one of the most prosperous investors of all time, described Wang Chuanfu, founder and CEO of Byd, as a worker “genius”. In 2023, when Byd started fighting in duel with Tesla for first place in sales of electric vehicles, the American automotive industry began to pay attention. The affordable BYD models, ultra-fast charge technology and free driving aid systems have helped the company obtain 20% of the global electric vehicle market. Byd is also the second manufacturer of EV batteries to the world to date, with its innovative blade battery using iron and phosphate to help maintain low prices. –Jessica Mathews

Altman: Joel Saget – AFP / Getty Images; Zuckerberg: Chris Unger – Zuffa LLC

Artificial intelligence

Sam Altman
CEO and co -founder, OpenAi – United States

The leaders of Altman d’Openai made him one of the most powerful and polarizing figures most powerful in Silicon Valley. The IA company quickly climbs to the best tech table, with more than 780 million weekly users of Chatgpt, large companies and government customers and expansion plans in areas ranging from office productivity software to a new hardware device built by the former Apple IVE designer. Assessed at nearly $ 300 billion in a round-ventor round in SoftBank in March, Openai is in the process of generating more than $ 10 billion in revenues this year (while losing billions of dollars per year).

Mark Zuckerberg
CEO, President and Founder, Meta – United States

The dazzling rise of Altman made him many enemies. He fell with Elon Musk years ago and recently clashed with Mark Zuckerberg de Meta, who poached Openai staff with compressor packages of several million dollars. Google Deepmind is in competition with OpenAi to create the most capable IA models, and Chatgpt also presents an existential risk for Google’s domination over Internet research. Meanwhile, there is no lost love between Altman and anthropo co -founders, who defected Openai in 2021 partly due to concerns about the leadership and Altman’s commitment to AI security. –Jeremy Kahn

Dimon: Al Drago – Bloomberg / Getty Images; Rowan: Yuki Iwamura – Bloomberg / Getty Images

Finance

Jamie Dimon
CEO and President, JPMorgan Chase – United States

While approaching his 20th anniversary as CEO of the largest bank in the country, Jamie Dimon is the undisputed dean of Wall Street and is about to descend into history as one of the biggest bankers of all time. In times of crisis, the markets turn to Dimon as a source of clear and not fierce authority. His stature increased in 2024 when he led JPMorgan Chase to record profits of $ 58.5 billion out of $ 278.9 billion in income. Dimon also responded to growing competition in the world of investment capital by asking JPM to establish its own private credit facilities and to emit a war in Apollo and others to stop the poaching of subordinate bankers.

Marc Rowan
CEO, president and co -founder, Apollo Global Management – United States

Marc Rowan, a business lawyer on time, has emerged in recent years as the dominant figure in the world in rapid growth in investment capital. In 2021, Rowan became CEO of Apollo, which he co -founded, and dug a daring strategic change revolving around private credit, an area that has doubled in the past five years at around 2 billions of dollars. The pivot was very lucrative, helping Apollo to encroach $ 1.49 billion in profits in the fourth quarter of 2024. Private credit costs of Rowan poses a growing challenge for traditional banks like Jpmorgan Chase, as Apollo and others become loan places for large companies and institutions. –Jeff John Roberts

Woods: Andrey Rudakov – Blomberg / Getty Images; Wirth: Hollie Adams – Bloomberg / Getty Images

Energy

Darren Woods
CEO and President, Exxon Mobil – United States

Having missed the boom of American shale gas, Exxon Mobil played the catch-up when Darren Woods took office as CEO in 2017. Although it is the largest company listed by market capitalization in mid-2013, Exxon has the lowest in the middle of the pandemic in 2020 when it was expelled from the first time for the first time. But the concentration of Woods on the discipline of capital, shareholders’ yields and mergers and acquisitions is back on industry, where it leads the production of shale in the booming permian basin. His oil discoveries in Offshore Guyana are the desire for the world of energy.

Mike Wirth
CEO and President, Chevron – United States

Chevron chicheuse who joined as an engineer in 1982, Mike Wirth took over in 2018, a year after Woods at Exxon Mobil. After having been the darling energy of investors for a few years, Chevron is now faced with a revitalized exxon. They are rivals in the Permian basin. They just set a long arbitration rivalry on a dispute in Guyana. They are even rivals in booming business in the United States. The two remained concentrated on fossil fuels and companies related to low carbon content while Europeans BP and Shell had a hard time cultivating green energy. Meanwhile, Totalennergies is the only oil of oil dubbing on a development of renewable energies. –Jordan Blum

This article appears in the August / September 2025 issue of Fortune.