Burry Defies AI Slowdown Fears: 'There Is Nothing AI to Slow Down'

Michael Burry, known for correctly anticipating the 2008 mortgage crisis and shorting the mortgage bond market to make a windfall, has spoken out about artificial intelligence (AI) companies. He recently closed his money management fund but still provides market commentary.

Burry believes there is no need to slow down AI development, stating 'There is nothing AI to slow down.' This view contradicts several high-profile developers who have warned that unchecked AI advancement could be disastrous and called for a slowdown.

Nvidia and Palantir Technologies are among the companies that benefit from AI advancements. Nvidia's share price has slowed down, growing only 13% this year, while Palantir stock is roughly flat year to date but still expensive.