Top US investor warns Google and Microsoft; says trillions are being wasted on AI

Renowned investor Michael Burry, famous for predicting the 2008 crash, warns of an AI bubble. He believes tech giants are investing trillions in infrastructure and tools that may not yield lasting returns, likening it to a costly, unnecessary upgrade. Burry cautions that the real economy’s utilization is unclear, potentially leading to stagnant tech employment and a long downturn.