Investor Michael Burry, famous for predicting the 2008 housing market crash, just upped his bet against AI hype.
In a post on his Substack, Burry said that he is “moving timelines up,” because “the bubble in AI may burst sooner than later.”
Burry, who was portrayed by Christian Bale in the Oscar-winning movie The Big Short, made headlines late last year with his big bet against AI. In a series of cryptic X posts, the investor drew parallels between the current state of the tech industry and the years preceding the 2000 dot-com bubble burst. In the posts, Burry points out increased tech capex growth matching the highs of the tech bubble that…
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