Nvidia is deepening its role in the AI market by committing $40 billion this year to equity deals tied to AI. The move signals more than chip sales—it's an attempt to lock in partnerships, influence the ecosystem’s direction, and accelerate adoption across startups and enterprises relying on AI infrastructure and tools.
Google and Amazon are pouring billions into AI rivals such as Anthropic, fueling a “circular capitalism” loop where firms finance each other’s cloud and chip purchases. The appetite for AI is real, but opaque deal structures blur the line between value creation and financial engineering, reviving concerns that today’s AI surge could resemble past bubbles.
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