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BTCC / BTCC Square / Global Cryptocurrency /
Big Short Investor Michael Burry Predicts OpenAI’s Demise, Drawing Parallels to Netscape Crash

Big Short Investor Michael Burry Predicts OpenAI’s Demise, Drawing Parallels to Netscape Crash

Author:
Global Cryptocurrency
Published:
2025-12-09 11:51:01
18
2
BTCCSquare news:

Michael Burry, the investor renowned for foreseeing the 2008 financial crisis, has issued a stark warning about OpenAI's future. Comparing the AI giant to Netscape—the 1990s web browser that became a poster child for dot-com failures—Burry declared OpenAI 'doomed and hemorrhaging cash.' His critique extends to Palantir, which he likened to DiamondCluster, a consulting firm that soared during the tech bubble only to fizzle out.

Burry alleges Microsoft is propping up OpenAI while systematically extracting its intellectual property, keeping liabilities off its balance sheet. The timing is precarious: Google's Gemini has surpassed ChatGPT in key benchmarks, prompting OpenAI CEO Sam Altman to label the situation a 'code red.'

Despite OpenAI's rumored $500 billion IPO ambitions, Burry maintains short positions on AI stocks, including Nvidia. His skepticism mirrors his contrarian bets during 2021-2023, when he repeatedly defied market euphoria.

|Square

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