"The Big Short" investor says he's rooting for a crash just to stop OpenAI and Anthropic's IPOs
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Crystal ball: Michael Burry rose to prominence as one of America's best-known investors after profiting from the subprime mortgage crisis in 2008. He no longer manages outside funds, but he remains deeply "bearish" on the AI boom, warning that a bubble could do severe damage to the world's financial wealth.
In a recent post on his "Cassandra Unchained" X account, Burry renewed his concerns about the economics behind the AI industry. For the benefit of humanity, he wrote, Wall Street and other stock markets should "tank hard" and keep OpenAI and Anthropic from holding their highly anticipated initial public offerings (IPOs).
Burry's reputation for calling major market events took off in 2015, when "The Big Short"brought his story to the big screen. People still tend to confuse him with Christian Bale,...
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