AI titans’ ‘circular deals’ are starting to look like ‘daisy chains’
The “circular deals” among AI titans increasingly resemble the “daisy chains” of the 1980s savings-and-loan crisis. Fort
y years ago, interconnected transactions obscured the dangers, multiplied systemic risks and helped inflate asset values before roughly a third of US thrift banks failed. Today’s financial engineering...
via South China Morning Post
The “circular deals” among AI titans increasingly resemble the “daisy chains” of the 1980s savings-and-loan crisis. Fort
y years ago, interconnected transactions obscured the dangers, multiplied systemic risks and helped inflate asset values before roughly a third of US thrift banks failed. Today’s financial engineering...
via South China Morning Post
