Michael Burry issued warnings about the AI market bubble via Substack, coinciding with reports of Nvidia backing OpenAI's data center project in Ohio.

The entities involved

• Michael Burry →

  American hedge fund manager

  • Minerva hired Michael Burry as a senior adviser.Mon 17:29
  • Michael Burry analyzes the spending and liabilities of major tech companies including Oracle, Microsoft, Meta, and Google.Mon 15:19
• Nvidia →

  American multinational technology company

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
• OpenAI →

  American artificial intelligence research organization

  • Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.Mon 17:41
  • Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.Mon 17:41
• Ohio →

  state of the United States of America

  • Governor DeWine and Lt. Governor Tressel are involved in state revitalization efforts in Ohio, including the community of Logan.Mon 17:55
  • Governor DeWine and Lt. Governor Tressel announced several new economic development projects in Ohio, including a lithium facility and a Wal-Mart project.Mon 17:55

Related events

• Nvidia has committed to financing and guaranteeing leases for OpenAI's data center in Ohio.Aug 18
• Nvidia is confirmed as the sole compute infrastructure supplier for OpenAI, and the companies filed investment documents with the SEC regarding the Ohio data center.Aug 17
• Michael Burry is vocal about his short positions in Palantir and Nvidia, while Micron benefits from HBM demand and Amazon invests in AI infrastructure.Fri 13:15
• Burry uses Substack to detail his investment views, including shorting Nvidia and Tesla, and increasing his stake in Alibaba Group.Jul 3
• Michael Burry critiques the AI industry's caution, while Anthropic and Nvidia remain key players in the competitive AI space.Sep 14