4 ms·

actually Sam didn't ask for a bailout. Everyone is getting crazy because the big short guy who has been wrong for a decade shorting Tesla went short and then ot

actually Sam didn't ask for a bailout. Everyone is getting crazy because the big short guy who has been wrong for a decade shorting Tesla went short and then other fear mongering mainly because people just can't grasp AI (yet).

1970-01-01 11mo ago
Once it's enshittified by ads, I'm calling AI fully baked. What is there to actually grasp other then the humongous overspending? AI hasn't had a sensational breakthrough since ChatGPT was released years ago. Everyone else is following this leader at normal technical evolution speeds.
__s 11mo ago
https://stockcircle.com/portfolio/michael-burry/performance https://stockcircle.com/portfolio/michael-burry/performance Wouldn't say he's been wrong for 10 years, but agree his moves shouldn't be trusted blindly. Like all investors it's calculated risks
quickthrowman 11mo ago
Nobody gives a shit about Michael Burry’s positions, lol. The selling is for other reasons, not Burry’s latest 13F. He took it in the shorts while trying to short TSLA, he’s not a Market Oracle.
tim333 11mo ago
I don't think this is about the big short guy. The main things with the recent discussion: Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive. And the OpenAI CFO Sarah Friar was talking about: >"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse. >Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing... OpenAI say people are taking that out of context and they don't want guarantees for data centers.
- jakeinspace 11mo ago
  A federal guarantee of debt is a subsidy, one with horrendous potential downside. A CEO really shouldn't be so flippant, though I think he knows what he's saying.

1970-01-01 11mo ago

Once it's enshittified by ads, I'm calling AI fully baked. What is there to actually grasp other then the humongous overspending? AI hasn't had a sensational breakthrough since ChatGPT was released years ago. Everyone else is following this leader at normal technical evolution speeds.

__s 11mo ago

https://stockcircle.com/portfolio/michael-burry/performance https://stockcircle.com/portfolio/michael-burry/performance Wouldn't say he's been wrong for 10 years, but agree his moves shouldn't be trusted blindly. Like all investors it's calculated risks

quickthrowman 11mo ago

Nobody gives a shit about Michael Burry’s positions, lol. The selling is for other reasons, not Burry’s latest 13F. He took it in the shorts while trying to short TSLA, he’s not a Market Oracle.

tim333 11mo ago

I don't think this is about the big short guy. The main things with the recent discussion: Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive. And the OpenAI CFO Sarah Friar was talking about: >"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse. >Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing... OpenAI say people are taking that out of context and they don't want guarantees for data centers.

jakeinspace 11mo ago
A federal guarantee of debt is a subsidy, one with horrendous potential downside. A CEO really shouldn't be so flippant, though I think he knows what he's saying.