Comment on 'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC

MalReynolds@piefed.social ⁨18⁩ ⁨hours⁩ ago

While I want both to be true, he’s betting against governments wanting actionable intelligence on each and every citizen (although the moat there is shallow, easy for someone else to start a race to the bottom) and massively parallel processors becoming less valuable (remember how smoothly they switched from crypto to AI?, remember when you could buy a gaming video card for less than the rest of your computer, likely another bubble in the wings) plus the whole circular investment is propping up the entire US economy situation, the epitome of too big to fail (without the whole US economy going tits up, which given the current situations is distinctly possible). Actually 8:2 sounds ballpark, but I doubts he’s not hedging his bets.

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