Michael Burry, the famed investor who prophetically shorted the housing market before the 2008 financial crisis, argued on Monday that major AI companies joining the panic around the technology were only doing so out of a “self-serving” need to provide “cover” for the slowing growth in the industry.
Burry has long warned that AI companies’ soaring stock prices represent a bubble that could tank the entire market if investors panic over the massive spending and limited revenue the companies operate with.
“Let’s all take a moment to understand how self-serving it is for OpenAI, Anthropic and other execs of big hyperscalers to talk of slowing things down,” Burry wrote on X Sunday night, adding:
1. LLMs are not AI and won’t be AGI. There is nothing AI to slow down.
2. Competition is coming up fast, slowing benefits incumbents.
3. IPOs need hype & puffery; “we are so awesome it could become dangerous” is hype & puffery
4. Cover for real uncontrollable slowing growth as IPOs look to be pushed out
Let's all take a moment to understand how self-serving it is for OpenAI, Anthropic and other execs of big hyperscalers to talk of slowing things down.
1. LLMs are not AI and won't be AGI. There is nothing AI to slow down.
2. Competition is coming up fast, slowing benefits…— Cassandra Unchained (@michaeljburry) September 14, 2026