Michael Burry Says Big Tech Is 'Spending Wildly' on AI Because CEOs Expect to Be 'Granted an Oligopoly' That Can't Fall
Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
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Why It Matters
A famous investor thinks big tech companies are spending huge amounts on artificial intelligence. He believes they expect to become so powerful that they cannot fail.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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