这显示了英伟达、OpenAI 以及众多云服务提供商之间错综复杂的金融交易网络。每个人都知道循环融资安排。这是公开进行的，并被主流媒体广泛报道。然而投资者似乎并不在意。这导致了一种超现实的局面，即AI泡沫膨胀到怪异的规模，即使危险信号不断堆积。
It shows the complicated web of financial transactions between Nvidia, OpenAI, and numerous cloud service providers. Everybody knows about the circular financing arrangements. It's done out in the open and is widely reported on by the mainstream media. Yet investors don't seem to care. This has led to a surreal situation where the AI bubble has inflated to a grotesque size even as the red flags pile up.
这一切的中心是英伟达。在过去两个月里，英伟达发布了一系列至少可以说是令人担忧的公告。7月1日，他们宣布了一项新计划，将向新的数据中心公司提供贷款担保，以允许他们为购买新的 GPU 提供融资。
At the center of this all sits Nvidia. Over the past 2 months, Nvidia has made a series of announcements that are concerning to say the least. On July 1st, they announced a new program where they will give loan guarantees to new data center companies to allow them to finance the purchase of new GPUs.