A small group of tech giants has invested over $1 trillion in a technology that is failing to generate profits Artificial intelligence (AI) is booming, but behind the hype lurks a threat of a financial bubble. There is rising unease about how a small group of companies fund the technology though circular deals that boost their market value, which is far greater than the profits the industry generates. OpenAI, the owner of ChatGPT, has secured AI computing agreements with Nvidia, AMD and Oracle