The AI Revenue Shell Game: How Billions Circulate Among OpenAI, Nvidia, Microsoft and Google
ok123jump · reddit · 2026-09-29
An explainer maps the circular financial web of the AI boom: OpenAI, Nvidia, Microsoft, Google and Amazon keep investing in each other, then recycling those dollars into chips and cloud infrastructure.
The critical take: every major player is simultaneously investor, supplier, customer, and competitor to everyone else — a shell game where capital circulates within the industry rather than coming from genuine end-user revenue.
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