AI’s $1 trillion musical chairs; India’s record iPhone exports

AI majors are caught in a circular investment loop and it is raising alarms. This and more in today’s ETtech Top 5.

Also in the letter:
■ DLI fuels semicon funding
■ Tata’s ecomm gamble
■ Bengaluru: Cybercrime Central

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Doomsday or new dawn: what will Nvidia, OpenAI’s circular dealmaking bring

(L-R) Sam Altman, CEO, OpenAI; Jensen Huang, CEO, Nvidia

A growing string of high-value, high-stakes investments among the artificial intelligence (AI) elite is raising red flags among investors. The concern: too much money is flowing in too…