FTC launches probe into OpenAI, Anthropic over model consumer risks
The Federal Trade Commission (FTC) has opened an investigation into artificial intelligence firms OpenAI and Anthropic over the potential dangers their models pose to consumers. The probe, confirmed by a FTC spokesperson, follows months of warnings about the growing cybersecurity and safety risks associated with AI models. OpenAI and Anthropic in recent months revealed multiple...
Michael Burry, the investor who gained fame for his role in "The Big Short," recently expressed his hope for a market crash to prevent OpenAI and Anthropic from going public. Burry, known for his foresight in the 2008 subprime mortgage crisis, now warns of the potential havoc that an AI bubble could wreak on the global financial landscape.
In a recent post on his X account, he argued that Wall Street and other stock markets should experience a hard collapse, hindering the highly anticipated initial public offerings (IPOs) of OpenAI and Anthropic. Burry, who retired from managing outside funds in 2025, contends that these AI giants will squander and ultimately destroy trillions of dollars in capital, causing further damage to the US economy and the world.
While OpenAI and Anthropic prepare for their stock market debuts, Burry insists that the two companies could exacerbate the issue with their costly large language model-based technology. Despite the financial world's lack of concern for the sustainability of the AI business model, Burry remains vigilant, highlighting the potential risks and dangers posed by these AI behemoths.
Written by urgent.news from TechSpot's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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