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    „Big Short“-Investor Michael Burry wirft KI-Hyperscalern vor, die Gewinne künstlich zu steigern
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    „Big Short“-Investor Michael Burry wirft KI-Hyperscalern vor, die Gewinne künstlich zu steigern

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    2. bytemage on

      No, no, we are on the cusp of GAI, we just need a few more billions. Promise. /s

    3. Deranged40 on

      He’s predicted 45 of the last two bubbles, too.

      The last time he was right was remarkable enough to write a book about and then make a movie from.

    4. Bootsareamazing on

      Guy who spotted corruption across whole mortgage sector wholewide, or major corporations profiting trillions…..hmm who do I trust? 

    6. logosobscura on

      You only have to look at the increased amortizations (wheee!) to see how it works, it’s less an accusation and going ‘dude that is penis, the Emperor is absolutely naked’.

    8. encrypted-signals on

      This is just a fact for any public company at this point. They’re all trying to find ways to artificially pump their stock price so they can show growth every quarter. Layoffs are one of the most popular ways to do that. Wall Street always jizzes its pants when people lose their jobs.

    10. farticustheelder on

      Funny stuff. While I’m a believer that AI is a bubble that will burst „soon“ (I’ve predicted AI Winter II for at least a decade when I figured that our current AI models couldn’t achieve good vehicle autonomy) but I’m also a big fan of the observation ‚that the market can stay irrational longer than we can stay solvent.‘

      Shorts play Chicken Little running around that the sky is about to fall in the hope to accelerate the bursting of the bubble and thus avoid the potential insolvency.

      Another simpler reason to try to talk down the stock is that the longer it takes for the bubble to burst the higher risk of the investment’s opportunity cost dragging down into the safe investment rate of return area. That is taking high risks for zero additional benefit. Not rational.

    11. JustBrowsinAndVibin on

      Do people really believe that GPUs stop magically working after 3 years?

    15. IngeborgHolm on

      Michael Burry responded to my craigslist ad looking for someone to mow my lawn. „$30 is $30“, he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peak and he was browsing zillow listings in central Wyoming. He wouldn’t stop cackling.

      That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.

    16. chowchowbrown on

      While I do think there’s a bubble in AI in stocks right now, I don’t think increasing the useful life of TPUs and GPUs is as scandalous as it appears at first. The hardware that’s being from Nvidia is top-of-the-line. And sure, if they become dated in the future, they’re still fantastic chips for inference and compute. Also, the way things are looking now, future models will (and already are) shrinking in size, which means more of them will be run on today’s high-end hardware. Nvidia’s stock price will probably tank when that happens, but the world will continue to buy Nvidia chips, just not at their current eye-watering prices.

      The general public may think machine-learning is overblown, but you only see the chatbots, and the image/video creation. Machine learning is an absolute game-changer in the sciences –pharmaceuticals, gene therapy, material science, astrophysics, fluid dynamics, civil engineering, cancer radiation therapy, the list goes on and on.

      In general, we’re just exploring the usefulness of AI right now. We as a society are still figuring out which industries can benefit, and figuring out what those models will actually do. But the undeniable truth is, humanity __will__ use more compute in the future. It’s an absolute certainty. There is no version of the future where humanity uses less compute.

    17. Wind_Best_1440 on

      „If we record ‚promises‘ of investment into our revenue then it says were making massive revenue!“

      Yeah, nah they are all cooking the books. How is all their revenue exploding and going up? Where is the money coming from? They haven’t opened new revenue streams but suddenly their revenue is exploding? From where?

      Then it makes sense if they have been counting promises of investment as revenue as well. Then it all makes sense. Their revenue isn’t going up, they’re saying the investments they will receive is equal to revenue they are receiving.

      God help everyone when this pops.

    18. Niceromancer on

      Altman is already begging for a govt bailout which he most likely will get 

    19. eatababy on

      Lol, didn’t he go through this with Moody’s and the S&P? He just needs to keep paying the premiums until banks also begin shorting and need those shorts valued…

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