Big Tech consolidation and funding frenzy

81% of Q1 2026 VC went to AI. Massive rounds: Safe Superintelligence $5B, Nscale-Anyscale $1.65B, Multiverse $570M. OpenAI plans hardware, Nvidia-SK $500B+ Japan data center. Cursor in talks for $50B valuation. Big Tech's $2.4T AI spending commitment triggered $2.7T market selloff; Bitcoin miners pivot to AI contracts ($90B). Consolidation raises concerns about market dominance and energy costs.