AI Bubble Is Ignoring Michael Burry’s Fears
An anonymous reader shares a report: Costing tens of thousands of dollars each, Nvidia’s pioneering AI chips make up a hefty chunk of the $400 billion that Big Tech plans to invest this year – a bill expected to hit $3 trillion by 2029. But unlike 19th-century railroads, or the Dotcom boom’s fiber-optic cables, the GPUs fueling today’s AI mania are short-lived assets with a shelf life of perh … ⌘ Read more