Michael Burry: a Market Crash Halting OpenAI and Anthropic IPOs Could Be "Good for Humanity"

Investor Michael Burry, known for predicting the 2008 housing crash, said a market downturn that prevents OpenAI and Anthropic from going public could be "good for humanity." He argues AI company valuations are excessive and driven by speculation.

• Burry said a crash could stop OpenAI and Anthropic IPOs
• He calls AI company valuations excessive and speculative
• He argues this would protect ordinary investors from inflated prices
• Burry is known for predicting the 2008 housing market collapse