Bloomberg Originals
Bloomberg Originals
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How Circular Deals Are Driving the AI Boom

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January 23, 2026

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The AI boom is everywhere, but much of it is illusory, with money flowing between a few players who have yet to profit. If it is a bubble and it pops, the consequences for everyone may be dire.

If it turns out that AI is a bubble and it does indeed pop as many are warning, the consequences for everyone may be dire. Bloomberg Originals explains how circular deals between AI players figure into what’s being called the “wager to end them all.”

#ai #tech #nvidia

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