Tag: ai bubble pops

Ai bubble pops explained — what it is, how it works and what it costs. Below are 1 article about ai bubble pops on CheapToken News.

The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

April 8, 2019 | Futurism AI
The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
Getty / Futurism Michael Burry, who famously shorted the US housing market before its collapse in 2008, has bet over $1 billion that the share prices of AI chipmaker Nvidia and software company Palantir will fall — making a similar play, in other words, on the prediction that the AI industry will collapse. According to the Securities and Exchange Commission filings, his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million