A lot of people throw around the word 'circular' when they talk about today's AI market. But here's the thing—that label might actually be sidestepping what's really going on.

Intrator's take? The setup people are calling circular isn't some elaborate financial engineering scheme. Strip away all the noise, and what you're really looking at is a logistics problem. That's it. Different angle entirely.

Think about it—everyone's fixated on the financial structures and mechanisms, but maybe they're missing the actual infrastructure piece that's driving everything. When you reframe it that way, the whole narrative shifts.