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https://am.jpmorgan.com/hk/en/asset-management/per/insights/market-insights/market-updates/on-the-minds-of-investors/do-circular-ai-deals-warn-of-a-bubble/
Do circular AI deals warn of a bubble? | J.P. Morgan Asset Management
This paper explores how overlapping partnerships among hyperscalers, chipmakers and model developers are reshaping AI markets with robust fundamentals.