Overview
- Burry endorsed Ben Affleck’s remarks on the Joe Rogan podcast that large language models produce output that is not reliable and are becoming more expensive to run.
- In a recent Substack exchange with Anthropic’s Jack Clark and podcaster Dwarkesh Patel, he compared the AI spending race to Warren Buffett’s escalator anecdote to argue rivals will copy costly upgrades with no lasting advantage.
- He reiterated that Scion Asset Management is betting against Nvidia and Palantir, calling them the poster children of AI hype and criticizing Nvidia as a power‑hungry stopgap.
- Burry warned that rapid AI infrastructure buildouts will lead to writedowns, weak returns and a prolonged tech downturn as equipment becomes obsolete and revenue lags.
- Countering views persist, with a Jan. 9 Goldman Sachs report citing earnings strength and relatively low corporate debt as support for further stock gains even as others flag rising financing risks tied to AI data centers.