Ayako Yoshioka, CFA®, Portfolio Consulting Director at Wealth Enhancement, was featured by Axios in the article, “Why the Big Tech’s “circular funding” for AI could be the new business normal”
These smaller startups are putting out record capital to fund data center builds without the cash flow to back it up, Yoshioka says, leaving them potentially at higher risk of any spending slowdown from their biggest customers.
Read the full article: https://www.axios.com/2025/10/23/ai-boom-circular-financing
