AI companies are facing criticism for circular financing and customer relationships, with examples including OpenAI raising funds from Microsoft to spend on Microsoft servers and CoreWeave financing debt through Nvidia purchases. Analysts draw parallels to the dot-com bubble of 1999, suggesting that current circular investments may lead to a similar outcome.

Nvidia Corp. is pursuing AI deals exceeding $750 billion, raising concerns about inflated demand and valuations in the industry. A partnership with SK Group will involve over $500 billion in business between the two companies.