Talk of an AI bubble is intensifying, fueled by recent high-profile agreements among Oracle, OpenAI, Nvidia, and CoreWeave. These unconventional deals recall the complex IRU swap structures once executed by Qwest and Global Crossing two decades ago.
The launch of ChatGPT in late 2022 marked a turning point for the compute industry. Within months, AI vaulted to the top of the technology landscape, pulling entire markets along with it—applications, large language models, copilots, and more. Among the
Oracle stunned Wall Street on Tuesday when it announced that OCI (cloud) revenue will jump from $20 billion to $144 billion in four years. That’s only the tip of the iceberg. Public AI infrastructure companies such as CoreWeave, Nebius, and
