
May 08, 2026 · 10 min
Is AI a bubble? The Nvidia-OpenAI circular revenue map
Nvidia funds OpenAI, OpenAI buys Nvidia chips, the stock lifts on the revenue. A walk through the AI circular revenue loop and what probably survives.
arthur

Nvidia funds OpenAI, OpenAI buys Nvidia chips, the stock lifts on the revenue. A walk through the AI circular revenue loop and what probably survives.