AI Bubble Fears Grow as Big Tech Allegedly Pays Itself in Cloud Loop

Big Tech’s $2 trillion AI gold rush is hiding a structural flaw. Critics say the giants are quietly paying themselves through their own cloud bills, igniting fresh AI bubble fears that increasingly echo the dot-com era.

Latest corporate filings show OpenAI and Anthropic alone anchor over half of the roughly $2 trillion in future cloud commitments held by Microsoft, Amazon, Google, and Oracle.…