“Circularity” is the latest buzzword in AI, as tech companies strike megadeals with each other. WSJ Heard on the Street columnist Jonathan Weil breaks down why these deals might be a win-win—and how they could go wrong. Plus, WSJ reporter Katherine Bindley explains what brought San Francisco out of the shadow of a doom loop. Belle Lin hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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