You may have seen Bloomberg's AI Bubble visualization. I wanted to go deeper and see what it actually looks like.
https://preview.redd.it/8r6kj9i2w2fg1.png?width=1381&format=png&auto=webp&s=93f7169447fa1318485dcfc93b84b432446f00dc
**The pattern that keeps repeating**: Company A invests in Company B. Company B buys from Company A. Both report growth. Valuations go up. More investment flows in. Yeah, Company A is typically Nvidia.
**Ecosystem bifurcation:** Most AI startups orbit Nvidia. But Google is building a parallel TPU ecosystem. Anthropic for example is playing both sides with $68B in commitments with Google.
**The math that doesn't math:** OpenAI raised \~$346B but committed to spend exceed $800B.
…and **The Oracle twist:** A database company is now 65% exposed to a single AI customer relationship.
Interactive: [https://aibubble.online](https://aibubble.online)
*Important:* 55% of this is promises. Not cash. Promises.