OpenAI's Circular Deals: A Creative but Controversial Path to Funding

Friday, Oct 31, 2025 5:10 am ET1min read
MSFT--

OpenAI, led by CEO Sam Altman, has developed complex and circular financial deals to fund its multibillion-dollar rise. The company has received billions from tech giants like Microsoft, only to send those funds back to the same companies to pay for computing power and other services. This unorthodox approach has raised concerns about a potential financial bubble, but industry experts have welcomed OpenAI's creativity in innovating on the financial model.

OpenAI's Circular Deals: A Creative but Controversial Path to Funding

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