The latest bit of artificial intelligence circular financing is an absolute doozy.

A few days ago, Anthropic, which counts Nvidia as a major investor, signed a $US35 billion ($49 billion) cloud computing lease with a neocloud called Lambada, which is also backed by Nvidia. Only, it will be Nvidia’s name on the lease for the data centre, not Lambada. That’s because Nvidia has the better credit rating.

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