"The Big Short" investor says he's rooting for a crash just to stop OpenAI and Anthropic's IPOs
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... Read Entire Article
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.
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