This reminds me a lot of the .COM startups in 2000 that were selling stuff to each other and once one failed, the whole chain would come down slowly. The scary part is the sheer amount of money that’s floating around now. In 2000 is was a few million here and there. Now it’s multiple billions.

> Sure but if Nvidia is funding these startups, isn’t it really still circular financing??

For it to be circular financing, Nvidia would have to be investing in these startups who in turn buy significant $ volume in products and services from Nvidia.

Is this happening? For instance, what's a concrete example of a startup or even a group of startups where this is happening and what is the $ amount as a percentage of Nvidia annual sales?

See my post here: https://news.ycombinator.com/item?id=48874687