Michael Burry urges Wall Street to block OpenAI, Anthropic IPOs, warns of ‘trillions’
Michael Burry has voiced his skepticism about the upcoming IPOs of AI firms OpenAI and Anthropic, warning that these public offerings could trigger severe financial setbacks and erosion of capital. He contends that the level of funding for these companies does not match their established fiscal stability. Burry's bearish outlook on the AI domain has intensified, echoing his earlier forecasts.
Broadcom's Wall Street syndicate is gathering $60 billion in financing for AI chip access. This will benefit companies like Anthropic PBC, according to Bloomberg.
Broadcom plans to lend Anthropic up to $42 billion to lease its chips, as reported by Reuters. This is part of a trend where chipmakers finance the AI buildout driving demand for their products.
Banks are also hiring AI engineers skilled in agent orchestration, which involves coordinating teams of specialized agents, as reported by CNBC Technology, CNBC World, and CNBC.
Brief written by urgent.news from Techmeme, CNBC Technology, CNBC World, CNBC, Semafor — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Sources: Broadcom's Wall Street syndicate is amassing $60B in AI chip financing to help Anthropic and others access chips and other key AI infrastructure (Bloomberg) bloomberg.com
- 'The hottest skill on Wall Street’: Demand for this AI ability jumped 1,721% as banks embrace agents cnbc.com
- Wall Street AI job postings surged 49% this year as demand for agent skills soars qz.com
