Libertarian vs Authoritarian: The result is an increasingly interconnected web of dependencies between technology manufacturers and AI startups. The risk with these “circular” deals is that they can create skewed incentives that may lead to bad decision making and magnify losses if demand for AI fails to match today’s lofty expectations. The stakes are high as the AI boom has sucked in gargantuan sums of money from debt and equity markets and buoyed multiple industries.