Outro

More on the circular nature of the recent AI deals. AI now accounts for more debt issuance than US banks. AI companies consider using the billions they’ve raised to pay off lawsuits since they can’t get insurance. Another way OpenAI is the new Microsoft. And at the end? Look at that! A non-AI story!

• OpenAI, Nvidia Fuel $1 Trillion AI Market With Web of Circular Deals (Bloomberg)
• Nvidia’s Huang says he’s surprised AMD offered OpenAI 10% of company in ‘clever’ deal (CNBC)
• At $1.2 Trillion, More High-Grade Debt Now Tied to AI Than Banks (Bloomberg)
• Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says (Fortune)
• Insurers balk at multibillion-dollar claims faced by OpenAI and Anthropic (Financial Times)
• OpenAI Sneezes, and Software Firms Catch a Cold (Wired)
• Amazon Pharmacy introduces kiosks that can quickly dispense medications at the doctor’s office (GeekWire)

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