Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bubbles — and warns the mania could have far more devastating consequences than Enron’s collapse. A subscriber to Burry’s Substack told him in a chat thread this week that it felt like “we are witnessing a massive coordinated effort
Substack has launched a new feature that can show you which of your favorite newsletters are written with AI. This week, the writing and newsletter platform announced an integration with AI writing detection software Pangram that will allow users to scan posts, comments, and responses in the Substack app to see an estimate of how
The global economy increasingly depends on the notion that AI will be inexorably intertwined with every aspect of our lives. There are also increasing signs that consumers (or at least some consumers) don’t feel good about it at all. This can be seen most clearly in the backlash against data centers, which is gaining momentum.
Do you remember going to the video? For those of you who weren’t paying attention to the media industry a decade ago: that’s when publishers spent an enormous amount of time and money trying to become video creators, hoping to cash in on the traffic and revenue bonanza fueled by Facebook. That one didn’t work.
Elon Musk says AI will create such abundance that governments will provide for everyone and work will become an option. Michael Burry says getting there will be a tough road. “AI+ robots will be able to do everything, resulting in high universal incomes,” Musk recently posted on X. “Work will be optional.” “False,” Burry replied.
