Comment from Hera Hyeonseo Lee (PhD Candidate at Binghamton University)

Summary: Hera Hyeonseo Lee, a doctoral candidate at Binghamton University, argues that the Agencies should update collaboration guidelines to address the "cloud credit circuit"—a circular financial mechanism where cloud providers invest in AI startups using their own infrastructure credits. The commenter recommends creating a distinct analytical framework to account for the systemic risks, unreliable demand signals, and competitive foreclosure created by these specific types of interdependent partnerships.