AI 热潮催生全球金融风险:循环交易指南
AI Boom Fuels Global Financial Risks: A Guide to the Circular Deals
Bloomberg 的 AI Today newsletter 指出,AI 热潮的融资方式正引发越来越多质疑,芯片厂商如 Nvidia 与其最大客户之间形成了日益相互依赖的关系,其中许多交易并不体现在资产负债表上。这种新型循环 AI 融资趋势已扩展至全球,并有新的资本池流入美国,但方式与以往不同。
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AI Today
The New Circular AI Financing Trend Is Global and Spooky
New pools of capital are flowing into the US, but not in the way they used to.

Illustration by Igor Bastidas
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By Shawn Donnan
October 13, 2026 at 10:28 AM UTC
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Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies.Sign up nowif you’re not already on the list.
The financing of the AI boom has drawn a lot of attention with plenty of people raising questions about the increasingly co-dependent relationships — many of them off balance sheets — between chip makers like Nvidia and their biggest customers.
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来源:Bloomberg:Technology · bloomberg.com