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Many Happy Returns — Closed-Circuit Capitalism: Inside AI’s Trillion-Dollar Money Loop
Scout ratingSCOUT· 68%45m·2025-10-15·Money

Closed-Circuit Capitalism: Inside AI’s Trillion-Dollar Money Loop

Many Happy Returns · 190

The AI boom is feeding on itself. Chipmakers, cloud giants, and model makers are increasingly tangled in a web of investments — each funding the other’s growth. Isn’t this what happened in the dot-com bubble? We ask what happens when suppliers start financing their own customers — lending them money to buy their…

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