Is artificial intelligence a boom or a bubble?

In late September, Nvidia Announce It plans to invest up to $100 billion in OpenAI to fund a new generation of data centers, while OpenAI pledge To purchase millions of Nvidia chips for those facilities. Days later, OpenAI to hit A similar multi-billion dollar arrangement with AMD. These deals, which were celebrated by investors, also raised eyebrows. In the eyes of some observers, these arrangements looked more like the circular financing arrangements of the late 1990s, when vendors and customers boosted each other’s valuations without generating real value. Bloomberg This pattern has been aptly described as an “increasingly complex and interconnected web of business transactions” fueling the trillion-dollar AI boom.