Has anyone mapped out the scale and extent of circular investement in AI tech?

There are several high-profile examples where large tech companies invest in AI startups, and those startups then spend a significant portion of that capital back with the same investors (or related companies) through cloud infrastructure, GPUs, or long-term compute contracts (e.g., Microsoft/OpenAI, Amazon/Anthropic, Google/Anthropic, Nvidia and various AI labs).

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