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·
    11 hours ago

    Everyone can see it coming, but they believe the AI companies’ hype that the AGI breakthrough will be here “soon”. Which if actually true, might be worth the bet.

    For my money they either hit AGI and then we all die, or there is a crash before that. Yay.