Welcome to the Tech Brew Ride Home for Wednesday, October 8th, 2025. I'm Brian McCullough today.

More on the circular nature of the recent AI deals.

AI now accounts for more debt issuance than U.S. banks.

AI companies consider using the billions they've raised to pay off lawsuits since they can't get insurance.

Another way, OpenAI is maybe the new Microsoft.

And at the end, look at that.

A non-AI story.

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at VIM.com. That's VEEAM.com. If earlier this week was all about the AI horse race,

today is a lot about the concern trolling about the AI horse race rearing its head again. For example,

let's start with Bloomberg. Quote, never before has so much money been spent so rapidly on a

technology that for all its potential remains largely unproven as an avenue for profit-making.

And often, these investments can be traced back to two leading firms, NVIDIA and Open AI.

The recent wave of deals and partnerships involving these two are escalating concerns that an increasingly complex and interconnected web of business transactions is artificially propping up the trillion-dollar AI boom.

At stake is virtually every corner of the economy with the hype and buildout of AI infrastructure rippling across markets

from debt and equity to real estate and energy. If we get to a point a year from now where we had an

AI bubble and it popped, this deal might be one of the early breadcrumbs. Brian Colello,

an analyst with Morningstar said about Nvidia'sIA's investment in OpenAI, quote,

...