https://lnkd.in/e6Zxsr36
The snake eating its tail:
https://lnkd.in/eJxSrxDk
AI’s biggest power play, though not the only one:
Here’s how the “Ellison Loop” works:
• Oracle signs a $300B deal with OpenAI to supply GPUs.
• The GPUs don’t exist yet — but Wall Street doesn’t care. Oracle stock rockets.
• Ellison’s net worth jumps $100B in a single day.
• He invests the gains back into OpenAI.
• OpenAI then uses that capital… to pay Oracle for the same $300B deal.
• Stock jumps again. Ellison repeats the cycle.
Ellison is simultaneously the customer and vendor, the investor and the beneficiary.
He created a recursive economy where money flows in circles and he sits in the center of the loop.
And then there is the NVIDIA->OpenAI->NVIDIA loop: https://lnkd.in/eEhgMtsC
“Just sit right back and you’ll hear a tale,
A cautionary tune,
Of Roman lords and techie dreams,
And bubbles popped too soon.
The mighty world of AI grew
Like Rome’s estates of old,
With leveraged bets and borrowed coins,
Their stories would unfold.
The Senators played BRRR with land,
And VCs chased the code,
While all believed new empire’s gold
Would endlessly explode.
But Tiberius turned the rule of law,
The lenders called their dues,
From Silicon to Italy,
Oh panic spread like news!
The market froze, estate was lost,
And credit disappeared,
Tacitus wrote, ‘All hope was gone,’
The crowd was gripped by fear.
So beware the three-hour tour, my friend,
Of hype and borrowed schemes,
For bubbles burst—and fortunes fall—
With shattered techie dreams!”
__________
Linas Beliūnas
This is brilliant! Breaking down the AI deals between Nvidia, AMD, and OpenAI 👏🏼😂
The Infinite AI Money Glitch.
♾️🤖
