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'Big Short' investor Michael Burry says an AI bubble would make the rich richer
Burry says AI spending is enriching a small group of incumbents and has disclosed bearish bets on Nvidia and Palantir, while Wall Street stays bullish.
Michael Burry, the investor who became famous for betting against the US housing market before the 2008 crash, is now warning about the social consequences of the artificial intelligence boom.
Michael Burry, known for anticipating the mortgage collapse portrayed in The Big Short, holds bets against Nvidia, Palantir and other assets linked to artificial intelligence as he warns of a potential stock market fall similar to that of 1987.