Markets & Money • 13 min read

The Silicon Debt Trap: Nvidia Funds Its Own Sales

Apollo just lent $7 billion so xAI could lease Nvidia chips from a shell company where Nvidia is the anchor investor. The circular financing loop powering the AI boom looks exactly like the structures that blew up Wall Street in 2008.

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Glowing green GPU server blades arranged in a circular loop on a Wall Street trading floor, symbolizing the circular financing structure of AI chip deals.

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Dark data center corridor with hundreds of glowing blue and amber lights on server racks representing autonomous AI agents watching from the shadows

The 80-to-1 Problem: Your AI Agents Are Insider Threats

Enterprises now run 12 AI agents on average, and half operate in total isolation. Machine identities outnumber humans up to 80-to-1, with 44% still authenticating via static API keys. Two landmark reports published on February 5, 2026 reveal an identity governance crisis that mirrors the SaaS sprawl disaster of the 2010s, but this time the ungoverned tools can act autonomously.

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