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Nvidia Financing Deals Echo 1980s Japan Corporate Model, French Warns

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Nvidia’s AI surge is drawing comparisons to late-1980s Japan as Howard W. French argues the chipmaker’s links with customers increasingly resemble a tightly financed corporate system. He points to preliminary plans to mobilize over $500B for AI infrastructure and Nvidia’s guarantee of up to $105B in lease and power payments for OpenAI’s Ohio data center, even as Nvidia posts record results.

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