"The Big Short" warns again about the AI bubble, suggesting a prolonged downturn may be ahead
Jinse Finance reported that "Big Short" Michael Burry has once again issued a warning about the artificial intelligence (AI) bubble. Burry wrote on Substack, warning that so-called hyperscale data center operators, including Microsoft and Google, are wasting huge amounts of money on microchips and data centers. He noted that these devices will soon become obsolete, as the equipment used to power AI tools such as chatbots will become standardized. Looking ahead, he predicts that employment in the technology industry will decline, or at least not increase significantly, as the sector may face a very prolonged downturn.
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