Bloomberg's diagram clearly shows how OpenAI and Nvidia have created a closed ecosystem where money circulates within a single loop. Nvidia invests up to $100 billion in OpenAI to build data centers on its own chips. Oracle spends billions on these same GPUs, while OpenAI signs a $300 billion deal with Oracle.
AMD enters the game, offering its GPUs and gaining a stake in OpenAI. Microsoft and other investors enhance the closed nature of this system — each new contract simultaneously boosts the market and raises the capitalization of all participants.
Bloomberg calls this the "AI Money Machine" — a network of mutual deals where investments, supplies, and services create the illusion of continuous growth. This structure accelerates AI development but also creates the risk of a bubble based not on profit but on circular money turnover.
P.S. It's nice to see Nebius (Arkady Volozh's company) in all this movement.
