Veteran American investor Michael Burry revived his AI warnings, sharing an analysis that found nine technology giants had amassed around $3 trillion in off-balance-sheet commitments related to the nascent technology.
The former hedge fund manager took to X to share a report by The Wall Street Journal that said that Google-parent Alphabet, Amazon, Facebook-parent Meta and Microsoft together reportedly disclosed $3 trillion in commitments largely for AI infrastructure, but these obligations are not yet recognized as liabilities on the face of corporate balance sheets.
“Well, you could have heard it first, months ago, 2025 even,” Burry, best known for correctly predicting the 2008 housing crisis, wrote on X. He has been vocal against the excessive frenzy around artificial intelligence for several months, even when global markets sharply rallied earlier this year amid the optimism.
