Nvidia makes a lot of money from deals fueled by AI hype. It also spends a lot of money on deals that in turn fuel that same AI hype. But Nvidia executives want you to ignore how circular that might sound, because the companies they are investing in are going to “become the largest technology companies in history.”
Nvidia has woven a tangled, and some argue dangerous, web of deals with frontier AI companies, one in which the chipmaker is slowly evolving from being solely the main infrastructure provider of the AI industry towards being one of its biggest financiers. Some experts warn that the mounting deals worth billions of dollars each move…
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