IMF Flags $1.4 Trillion in Circular AI Financing Deals Among Big Tech

The International Monetary Fund has highlighted $1.4 trillion in circular AI deals where major technology companies fund their own customers to sustain cloud and chip purchases. The report outlines numerous financing loops involving key players such as Nvidia, OpenAI, Microsoft, Amazon, Google, and Anthropic. These complex capital arrangements make participating companies' revenues appear strong as money flows continuously through the ecosystem. Open article →