Tom Lee Calls AI "Circular Financing" Fears Preposterous

Tom Lee says fears over AI "circular financing" are preposterous, arguing the practice is not unique to AI and exists across almost every major industry.
He said the idea that no money is available for AI, forcing AI companies to fund each other, sounds false to him, and that circular financing charts misunderstand how supply chains work across retail, energy, and financial services. He added that banking is essentially circular financing itself, with banks lending to each other as a normal part of the system.