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Is AI’s Circular Financing Boom Repeating the Dot-Com Era?
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Subscribe28 JUL 2026 / FINANCE
Nvidia is rumored to be providing up to $250 billion in financing support for OpenAI's 10-gigawatt data center project in Ohio. The unprecedented arrangement could draw scrutiny about the legitimacy of demand generated in this scenario, where Nvidia could boost its own sales by investing in a company that uses its products, and raises the question of whether the customer could still afford the purchase without the supplier's financial support.
Every boom produces a deal that makes the accounting department stop mid-sip. In AI, that moment may have arrived with reports that Nvidia could guarantee up to $250 billion of financing tied to OpenAI’s planned Ohio data center campus. The guarantee woul...
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