return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 2 days ago'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'gizmodo.comexternal-linkmessage-square188fedilinkarrow-up1534arrow-down110cross-posted to: latestagecapitalism@lemmy.world
arrow-up1524arrow-down1external-link'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'gizmodo.comreturn2ozma@lemmy.world to Technology@lemmy.worldEnglish · 2 days agomessage-square188fedilinkcross-posted to: latestagecapitalism@lemmy.world
minus-squareNotAnOtter@lemmus.orglinkfedilinkEnglisharrow-up28·24 hours agoHe’s been saying this for 4 years
minus-squareDon_alForno@feddit.orglinkfedilinkEnglisharrow-up6arrow-down2·14 hours agoAnd it’s somehow a surprise to you that the worlds richest corporations collectively can keep up an investment bubble for four years? They’ll not be able to do it indefinitely, and profitability of any LLM business is not on the horizon so far.
minus-squareNotAnOtter@lemmus.orglinkfedilinkEnglisharrow-up6·14 hours agoI’m saying Burry’s opinion on the timing is irrelevant. He calls a crash basically every quarter since the '08 crash recovered. If you shorted every time he suggested something was going to burst “sooner than later”, you would already be bankrupt.
minus-squareDestide@feddit.uklinkfedilinkEnglisharrow-up22arrow-down1·24 hours agoBut he’ll be right everyday after it happens
He’s been saying this for 4 years
And it’s somehow a surprise to you that the worlds richest corporations collectively can keep up an investment bubble for four years?
They’ll not be able to do it indefinitely, and profitability of any LLM business is not on the horizon so far.
I’m saying Burry’s opinion on the timing is irrelevant.
He calls a crash basically every quarter since the '08 crash recovered. If you shorted every time he suggested something was going to burst “sooner than later”, you would already be bankrupt.
But he’ll be right everyday after it happens