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The $1 Trillion AI Bubble Warning From the Two Men Who Predicted Lehman Brothers' Collapse
Key Takeaways: Michael Burry, who predicted the 2008 housing crash, placed $1.1 billion in put options against Nvidia and Palantir — betting AI stocks will crash David Einhorn, who famously called Lehman Brothers' collapse, warns of "tremendous capital destruction" from extreme AI spending levels Burry accuses tech giants of accounting fraud, claiming they're understating depreciation by $176 billion to artificially boost earnings Tech companies have pledged over $1 trillion
Nov 1210 min read
OpenAI Raises $6.6 Billion in New Funding Round at a $157 Billion Valuation
Record-Breaking Deal OpenAI has made waves by securing a massive $6.6 billion in its latest funding round, bringing its total valuation...
Oct 3, 20242 min read
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