posted in Technology
'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'
gizmodo.com/big-short-investor-expects-ai-bubble-burst-sooner-than-later-2000818889
Replying to @return2ozma@lemmy.world
AI is obviously a bubble.
That said, Burry has also predicted 6 of the last 2 crashes.
Replying to @mattyroses@lemmy.today
Just like this “bubble” has supposedly been about to pop for years.
Replying to @SorryQuick@lemmy.ca
More along the lines of - it’s been a bubble for years, and we’ve been hoping it’s about to pop. But, sadly, the longer it goes, the worse the pop will be.
Replying to @SorryQuick@lemmy.ca
Burry is going by hard numbers and making a rational call. The markets are not rational, which is why it is hard to predict the timing of a crash. There are no good reasons why TSLA should be over $30.
He’s a good person to heed for safe, longer term investment.