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Who's paying whom, and with whose money

The AI Deal Web

Every line here is a real, sourced deal between the companies building the AI boom. Some money only flows one way. Some of it flows in a circle — a chipmaker invests in a startup that buys the chipmaker's chips with that same money. Toggle below to see the loops.

Ecosystem-wide estimate
$800B+
Independent analyst trackers (Bloomberg, BlockEden, IDC) peg total circular AI financing above $800B as of mid-2026.
Tracked in this graph
$0B
computing…
OpenAI's total vendor commitment
$1.15T
Across 7 vendors (Broadcom, Oracle, Microsoft, Nvidia, AMD, AWS, CoreWeave), committed through 2035.
Highlight circular loops
Chipmaker AI Lab Hyperscaler / Cloud Investor Equity Chip supply Cloud credits Debt financing
How to read this
Click a company to see its bio and every deal it's party to. Click a line to see one deal's amount, date, type, and source. Drag nodes to rearrange. Scroll to zoom.