Part two of a look at the AI buildout. The circular financing, enterprises pushing back on cost, DeepSeek undercutting everyone, and why the revenue is real anyway.

Operators, auditors, and SEC filings now question AI lab economics. Inside the lab losses, Karp's warning, and Oracle's nonpayment risk.

That’s what a prominent tech critic believes

Part two of a look at the AI buildout. The circular financing, enterprises pushing back on cost, DeepSeek undercutting everyone, and why the revenue is real anyway.