Artificial intelligence (AI) companies are finding a new way to fund their growth – by investing in each other. Nvidia recently agreed to invest $100 billion in its customer, OpenAI. This deal has made investors and analysts realize that the AI industry is using a unique financing method called ‘circular financing’.
Source: https://www.barrons.com/articles/nvidia-microsoft-openai-circular-financing-ai-bubble-5d9a4e7c