Circular financing at its finest. And Self-dealing between the hyperscalers, openai, and anthropic.

google invests in anthropic and spacex - and shows appreciated values as earnings. Then it turns around and rents tpus to anthropic to show it as revenues. The main buyers and sellers for all of this are the hyperscalers, openai and anthropic.

It is a game of musical chairs while the party is still on.