André Dragosch flags circular cash flows among Microsoft, Amazon and Google plus $2.3 trillion in RPOs tied to OpenAI and Anthropic, warning that credit markets may soon question whether AI capital expenditures can generate adequate returns.

Crusoe closes $3.9 billion Series F at $30.9 billion valuation to scale AI data centers and cloud compute.

CoreWeave $CRWV falls nearly 10% as Meta Platforms $META launches cloud sales of excess AI compute, pressuring neo clouds.