---
id: "quote-bloomberg-web"
type: "quote"
source_timestamps: ["¶2"]
source_url: "https://hbr.org/2025/10/is-ai-a-boom-or-a-bubble"
source_title: "Is AI a Boom or a Bubble?"
tags: ["market-analysis", "finance"]
related: ["concept-circular-financing", "entity-paulo-carvao"]
speaker: "Bloomberg (cited by Paulo Carvão)"
speakers: ["Bloomberg", "Paulo Carvão"]
quote: "increasingly complex and interconnected web of business transactions"
sources: ["futures"]
sourceVaultSlug: "hbr-seg-futures"
originDay: 2
articleStem: "hbr-foci-74-ai-boom-or-bubble"
sourceUrl: "https://hbr.org/2025/10/is-ai-a-boom-or-a-bubble"
sourceTitle: "Is AI a Boom or a Bubble?"
---
# Bloomberg on AI Deal Structures

> "...an **increasingly complex and interconnected web of business transactions**" fueling a trillion-dollar AI boom.

**Attribution:** Bloomberg, cited by [[entity-paulo-carv-o|Paulo Carvão]].

The author uses this phrasing to characterize [[concept-circular-financing|circular AI financing arrangements]] — the vendor-client investment loops among Nvidia, OpenAI, and AMD that inflate valuations before real demand is proven.