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Why the AI Bubble Isn’t What It Seems Michael Burry is shorting the AI market. The same investor who anticipated the subprime crisis now warns that we are living through an AI bubble defined by runaway valuations, aggressive speculation, cheap capital, and faith in endless growth. The comparison to 1999 and 2008 is tempting. But this time he may be aiming at the wrong target. The rise of AI is not being built on bad mortgages or inflated advertising metrics. It is being built on something far more fundamental: energy. Vaclav Smil, a leading scholar of energy systems and a…
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