Investor Michael Burry said in a post on X that spending by large technology companies on artificial intelligence is moving toward levels that could exceed those seen during the dot-com bubble. The comment drew attention because Burry is widely known for shorting subprime mortgages before the 2008 financial crisis. In this latest remark, he compared the current wave of AI investment with an earlier period of tech bubble excess. The update was cited by Techub News, with @Kalshi named as the attributed source in the item. No additional figures or timeline details were provided in the brief.
Techub News reported that well-known investor Michael Burry said in a post on X that spending by large technology companies on artificial intelligence, or AI, is trending toward levels that may exceed those seen during the dot-com bubble.
Burry is known for shorting subprime mortgages before the 2008 financial crisis. In this latest comment, he compared the current AI investment boom with a historical period of technology bubble activity, drawing market attention.
The item attributed the update to @Kalshi.
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