Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
  • unit327@lemmy.zipEnglish
    2·
    5 hours ago

    It’s only pervasive because the AI companies are losing money on every generated token while burning investor money to keep the lights on. If people had to pay for what it really costs they’d be using it a lot less.