Δύο άρθρα των Christian Stöcker (Der Spiegel) και Τhomas Fischermann/Heike Buchter (Die Zeit)
Two articles by Christian Stöcker (Der Spiegel) and Thomas Fischermann/Heike Buchter (Die Zeit)
[...] The true extent of the AI investment bubble is slowly being revealed: Companies that are not generating significant returns on their investments are juggling hundreds of billions of dollars. According to a report in the Financial Times, OpenAI alone has closed deals worth a trillion dollars. A small, closed club of companies, including Nvidia, CoreWeave, Microsoft, OpenAI, Anthropic, Google, Oracle and others, are distributing the money among themselves. In specialist circles, this is called circularity. This phenomenon was also observed in the period before the dot-com bubble [...]
[...] In this sense, the global AI technology industry, with its chip suppliers, data center operators, and financiers, is also increasingly resembling an “impossible edifice.” The industry is dominated by a handful of companies that were once independent but are now tightly intertwined through a web of financial transactions. Shareholdings intersect and intersect, companies have mutual ownership. Supply and capital flows form loops. Partners compete, rivals form corporate alliances. Each individual deal makes sense on its own, but does anyone understand the big picture? [...]