Morgan Stanley just exposed a $1T+ circular AI money loop.

Big Tech is funding itself:

Microsoft → OpenAI → Oracle → Nvidia → CoreWeave → back again.

No real demand. Just capital recycling.

That’s fragile.

One break in the chain = systemic shock.

This is exactly why decentralized compute wins.

With @Fluence $FLT, $AKT , $ICP , compute isn’t locked in closed-door deals.

It’s open, verifiable, and driven by real usage

The future of AI infra won’t be built on hidden leverage.

It’ll be built on transparency.