It’s been a deeply weird few weeks in the high-stakes world of artificial intelligence.First, there was Nvidia’s bizarre announcement of a $US500 billion ($702 billion) “deal” with some of the world’s biggest banks and private capital groups to fund what chief executive Jensen Huang described as “AI factory compute as an investable asset class”. But it turned out to be mainly hot air; there’s no money yet, and no detail – other than the fact Nvidia will provide a guarantee over any loans, emphasising the endless circular financing the chip giant engages in.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles