Just like 2008 had "Subprime Mortgages (or "Dot Com" crash) that nobody understood, 2026 has "Circular AI Revenue" deals. Ex: Microsoft gives money to OpenAI, who gives it back to Microsoft for Azure credits, which Microsoft then reports as "AI Growth".

Microsoft and Nvidia fund AI startups that buy their own tech back to report "growth." With $600b burning in data centers in 2026 alone but no real revenue to back it up.

If that loop snaps, the "fuck up" will be massive.

#ai