This was never a real pledge. He was caught on mic saying he was just saying whatever he thought trump would like.
A lot of money for AI right now is IOUs or swapsies.
The thing is, I don’t think this will burst in the way people are thinking it will, because its these companies that are boosting each others stock prices.
They have tons of money to throw around so they can keep it going for a lot longer than if this were mostly normal investors.
Whatever you do, don’t look up why he had that shitty haircut, and why he named his kid August.
https://en.wikipedia.org/wiki/Caesar_cut
Definitely a normal person.
He also poularly wore a shirt with some egocentric latin phrase on it, it’s not like he really hides his roman fetishism.
That will burst it. This is why the billion dollar put. He had this info in advance.
Probably staged this to try and backpedal open weights models, but that ship has sailed.
They’re gonna get some finance bros to take on debt to build the DC for them. So the fact that they can’t afford isn’t an immediate problem. If the debt is incurred and spent on the DC however, and there’s no revenue… then the chickens come home to roost.
Google, who are not short of a few bob, raised $25B in bond issues so they can keep up with AI build out. All of big tech seen terrified they will be left behind if they don’t have oodles of floating point compute on tap.
Big tech should make a point of floating deez nutz in their mouths
Burry didn’t bet against Meta, but rather 9/10 against palantir and 1/10 against Nvidia.
I was thinking more about the overall bubble bursting.
Burrys bet isn’t even against the whole bubble bursting. He’s specifically targeting one company who does “AI” for the government and the other is the shovel seller…
If Burry was anti AI and thought the whole bubble would burst he might have spread his shorts across the likes of the commercial AI product sellers, but he hasn’t.
Burry thinks Palantir will go tits up (we should all hope for this) and that Nvidia won’t pivot fast enough post AI gold rush
what billion dollar put?
Meta isn’t even mentioned in this article. I get how they seem connected but Burrys bet was against Palantir and Nvidia. This news about meta is tangentially related maybe but not a sure sign of Burrys bet
yes people but with all the circular investment, this is the first domino falling
meta may suffer a drop in stock price from speculators but this is “real” bad news for Nvidia who would have been a large benefitiary of the $600 billion investment as the produce the necessary hardware
