AI circular financing exposed

@nicholas_crown

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Why it worked

The video uses a compelling visual metaphor (the circle of payments) and highlights massive financial figures to explain a complex and trending topic (AI financing). The "insider" perspective of mapping deals and the dramatic framing of "exposed" likely attracted viewers interested in the AI industry and its financial underpinnings.

Summary

The video explains the concept of "AI circular financing" by illustrating how major AI companies are investing in and supplying each other, creating a closed loop of capital. It highlights significant deals between companies like Nvidia, OpenAI, Softbank, Oracle, Amazon, AMD, and Google, suggesting this creates inflated revenue without new market participants.

Structure

1Introduction to AI circular financing
2Examples of major AI deals and investments
3Explanation of the circular flow of money
4The role of each company as investor, supplier, customer, and competitor
5

Original caption

Circular financing is nothing new. It shows up near the top of every capex cycle, and it always looks like growth until the money stops moving. Nvidia invested $30 billion in OpenAI. OpenAI expects to buy up to $600 billion in Nvidia chips. Nvidia books the sale and helped fund the buyer. Round trip revenue inflates the top line without adding a new buyer. Click the LINK to get our full AI trade map.

More from @nicholas_crown

Their other posts in the index, biggest breakout first.

Call to action for a market analysis

Product placement

The video discusses and visually represents the financial relationships between major AI companies like Nvidia, OpenAI, Softbank, Oracle, Amazon, AMD, Google, Microsoft, Meta, and Anthropic. It shows a diagram illustrating these connections and investments, which is central to the video's narrative.

Call to action

Click the "LINK" for our full market analysis

On-screen text

AI circular financing exposed I mapped every major AI deal THE AI CIRCLE OF PAYMENTS OpenAI Softbank Oracle Stargate NVIDIA COREFWEAVE METS MICROSOFT AMAZON AMD GOOGLE ANTHROPIC NVIDIA US of chips 15% COREFWEAVE EXOS-cloud EXOS-cloud Click the "LINK" for our full market analysis Educational purposes only. Not investment advice. Not a recommendation or solicitation to buy/sell any security. Investing involves risk, including loss of principal. Any examples, tickers, or scenarios are illustrative only. Past performance doesn't guarantee future results.

Transcript

I mapped every major AI deal from the past year and this is a circle within a circle within a circle. Open AI Softbank and Oracle partner to build the $500 billion Stargate data center. Nvidia invested $30 billion into Open AI. OpenAI expects to buy up to $600 billion in Nvidia chips. Nvidia books the sale and helped fund the buyer. Round trip revenue inflates the top line without adding a new buyer. Click the LINK to get our full AI trade map. OpenAI Softbank and Oracle partnered to build the $500 billion Stargate data center. Nvidia invested $30 billion into OpenAI. Softbank invested $30 billion into OpenAI and Amazon invested $50 billion into OpenAI. OpenAI will need to buy $500 to $600 billion worth of chips from Nvidia. And Oracle just bought $40 billion worth of chips from Nvidia. And then OpenAI just signed a $300 billion deal with Oracle. Then OpenAI just signed a $90 billion deal with AMD for rights to 10% of AMD. Corewave, which is partially owned by Nvidia, rents out cloud capacity to Meta, Microsoft, OpenAI, Anthropological and Google. Oh yeah, and Microsoft owns 27% of OpenAI, represents a fifth of Nvidia sales and rents $30 billion of cloud capacity to Anthropological. Google invested 3 billion in an additional 40 billion as of late April 2026 into anthropological. An anthropological is using a million Google chips. Amazon invested 8 billion into anthropological and built anthropological its own $11 billion data center. And even now, these deals continue to go around and around and around. Every name I just mentioned is everyone else's investor, supplier, customer and competitor at the same time. It's like a group of friends passing $100 billion around at the bar and each one of them calling it their paycheck. If you want to see exactly how we're approaching it, minimizing risk and yes, minimizing correlation. Just head to my profile and click the link.