HKThe article discusses concerns over 'circular deals' among major AI companies, drawing parallels to the 1980s savings-and-loan crisis. These deals involve significant financial commitments between AI firms and technology providers like Nvidia, creating an interconnected ecosystem that may pose systemic risks. OpenAI, Anthropic, and xAI have entered such agreements, with Anthropic recently signing a $45 billion deal with Nvidia-backed Nscale. Nvidia is central to these arrangements, with over $750 billion in AI-related investments. The article highlights growing debt levels among major hyperscalers, with total debt reaching $1.65 trillion through off-balance-sheet structures. While Nvidia CEO Jensen Huang disputes claims of circularity, the article questions whether the industry's rapid growth is being fueled by the same entities profiting from it.
Bias read (Progressive): The article frames the issue of 'circular deals' as a potential systemic risk, emphasizing the concentration of power and financial influence within a small group of AI companies. It uses historical comparisons to highlight perceived imbalances and risks, which aligns with a critical perspective on寡
