The Big Take

Why Circular AI Deals Among OpenAI, Nvidia, AMD Are Raising Eyebrows

OpenAI and Nvidia. Oracle and OpenAI. Nvidia and Oracle. Today on the Big Take: AI giants are making circular deals — and some analysts are skeptical.

Sam AltmanPhotographer: Kyle Grillot/Bloomberg

Never miss an episode. Follow The Big Take daily podcast today.

OpenAI and AMD. OpenAI and Nvidia. Oracle and OpenAI. Nvidia and Oracle. There is so much AI-on-AI dealmaking happening in the industry right now, it can be hard to keep track of who has a deal with who — and increasingly, it seems everyone has a deal with everyone else.