The 5 biggest global business rivalries to watch, and how their outcomes will shape the future

Check 2025 Fortune the most powerful people here.

Artificial intelligence chips

Gensen Huang
CEO, President, Founder, Nafidia – United States

Nvidia Jensen Huang CEO of Nvidia Jensen Huang may be forgiven for a moment to taste his company to the highest stock market, driven by the high demand for its high -performance chips generated by artificial intelligence. Now the most valuable company in the world, NVIDIA controls more than 90 % of the market for specialized chips used to train and operate artificial intelligence systems – which leads to its dominance in the devices racing that feeds the mutation of artificial intelligence. However, Huang monitors the horizon. AMD puts itself as an applicable alternative, while startups like Groq, Cerebras and Sambanova are betting on custom chips designed to accelerate the inference of artificial intelligence. Nothing poses a serious threat to NVIDIA – yes.

Lisa Soo
CEO and Chair, AMD – to us

Lisa Soo, CEO of AMD, did not meet that her first cousin was not removed as soon as he was removed, Jensen Huang, until both rose to lead two of the world’s most powerful chips. “There was no family dinner,” Su said in an interview with him recently. “It’s an interesting coincidence.” But the two cannot avoid each other now. With the company’s headquarters, miles away from the same city of Silicon Valley, AMD pushes strongly to establish itself as a second source of application of artificial intelligence chips amid the increasing demand. The company got victories from the main players such as Microsoft and Meta – both of which are keen to diversify their supply chains and reduce dependence on the ecosystem of devices and programs that are tightly controlled in NVIDIA. –Sharon Goldman

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

Electric vehicles

Elon Musk
CEO, founder, other roles, Tesla, Spacex, Xai, and others – to us

Elon Musk, the man who brought EVS to the masses, witnessed that Tesla’s fortunes are eroded when social media and politics are intertwined. Tesla’s annual delivery operations decreased in 2024 for the first time ever, and continued to decrease generally on an annual basis every quarter since then. Musk is betting on the future on the AI system in Tesla and the self -driving system only for the camera, with a soft roboty in June and the ongoing development of its human robot. Critics argue that the company’s self -driving technology is behind the competitors such as Alphabet’s Waymo and BYD. Although Tesla is still the most valuable company in the world, it is not clear that it will keep the first place.

Wang Chuansu
CEO, Chairman, Founder, BYD – China

The late Charlie Monger, one of the most successful investors in all ages, described Wang Chuanfo, founder and CEO of BYD as a “genius”. In 2023, when Byd started fencing with Tesla to get first in EV sales, the American auto industry began to pay attention. BYD models helped at reasonable prices, super shipping technology, and free drivers assistance systems company get 20 % of the global EV market. BYD is also the second largest EV battery manufacturer in the world so far, with an innovative blade battery using iron and phosphate to help maintain low prices. –Jessica Matthews

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

artificial intelligence

Sam Taman
CEO and Founder, Openai – United States

Altman’s leadership of Openai made him one of the most powerful characters in Silicon Valley and polarization. The artificial intelligence company quickly rises to the best TECH table, with more than 780 million weekly users of ChatGPT, companies and adult government agents, and expansion plans in areas ranging from office productivity programs to a new device for devices that are built by former Apple designer Jony. Its value is approximately $ 300 billion in the investment capital round led by Softbank in March, and Openai is implemented to generate more than $ 10 billion in revenue this year (while he still loses billions of dollars annually).

Mark Zuckerberg
CEO, Chairman, Founder, Meta – L us

Altman Meteoric has made many enemies. He fell with Elon Musk years ago and recently clashed with Mita Meta Zuckerberg, who was around Openai’s employees with millions of dollars in ingredients. Google Deepmind is competing with Openai to create the most capable artificial intelligence models, and Chatgpt poses existential risks to Google’s domination of online search. Meanwhile, there is no lost love between the Taman and the anthropologists, who defected from Openai in 2021 in part due to concerns about the leadership of Altman and its commitment to the integrity of artificial intelligence. –Jeremy was

Dimon: Al Drao – Ploomberg/Getty Images; Rowan: Yuki Iwamura – Ploomberg/Getty Images

finance

Jimmy Damon
CEO and Chairman of the Board, JPMorgan Chase – United States

While closing the twentieth anniversary of the country’s twentieth anniversary, Jimmy Damon is the undisputed dean of Wall Street and is preparing to go to history as one of the greatest bankers in all ages. In times of crisis, the markets are heading to Damon as a source of clear and infected power. His position grew in 2024 when JPMorgan Chase led to a profit of $ 58.5 billion at $ 278.9 billion of revenues. Dimon also responded to the increasing competition from the private stock world by creating JPM its own credit facilities – and issuing a warning shot for Upolo and others to stop overfishing the banking banks.

Mark Rawan
CEO, President, Founder, Apollo World Administration – United States

Mark Rawan, a company’s lawyer, has emerged simultaneously, in recent years as a dominant figure in the world of fast -growing private stocks. In 2021, Rawan, CEO of APOLLO, who has been composed and made a bold strategic transformation that revolves around private credit, is a field of double over the past five years to about 2 trillion dollars. The axis was very profitable, as APOLLO at the level of $ 1.49 billion in profit in the fourth quarter of 2024 helped. Rowan’s private credit fees are a growing challenge for traditional banks such as JPMorgan Chase, as APOLLO and others have become places to recover for large companies and institutions. –John John Roberts

Woods: André Rodakov – Glomberg/Getty Emoxz; Wirt: Hollie Adams – Ploomberg/Getty Images

energy

Darren Woods
CEO and Chairman of the Board, Exxon Mobil – United States

After missing the US rock gas boom, Exxon Mobil was playing annex when Darren Woods took over the position of CEO in 2017. While it was the largest traded company in the market by the market in mid -2013, it came out of Exxon at the bottom in the first time at any time when it was kicked from Dow and Archraraival Chevron Fress Propass in the first Once. But Woods’s focus on capitalist discipline and the returns of shareholders, and the integration and purchase operations returned to Exxon at the top of the industry, where it leads the rock output in the prosperous Bermean basin. Oil discoveries in external Guiana are the envy of the energy world.

Mike Worth
CEO and President of Chevron – United States

Chevron Lever, who joined an engineer in 1982, took over Mike Worth in 2018 – one year after Woods in Exxon Mobil. After she worked like a loved one for investors for a few years, Chevron is now reactivated. They are competitors in the pod. They just settled on a long arbitration competition for a conflict in Guyana. They are even rival in the increasing American lithium works. Both remained focused on fossil fuels and low -carbon -related projects, while Europeans and Shell have struggled to grow green energy. Meanwhile, Totalenergies is the only main that doubles the concentration of renewable energy. –Jordan Blum

This article appears in the August 2025 issue of luck.