By Theron Mohamed
Publication Date: 2025-11-28 15:34:00
Michael Burry of “The Big Short” fame has said some of the world’s largest AI companies are exaggerating how long their Nvidia chips will last to pad their short-term profits. Now, one hedge fund boss has warned that those chips could make themselves obsolete.
Greg Jensen, the co-chief investor of Ray Dalio’s Bridgewater Associates, told the “In Good Company” podcast this week that the “depreciation schedule is probably going to be quite fast, and you hope it has to be in a sense.”
Jensen explained there’s a “resource grab” in AI as companies compete for scarce land, energy, microchips, and scientists, and tech bosses are hoping AI itself can help.
“One of the things they have to do is figure out how to make the chips more efficient, make the energy more efficient, and they’re trying to use AI to do those things,” he said.
Jensen predicted that some of the scientific advances that will “depreciate the current assets will come from those assets themselves,” as “AI will generate better ways to do this.”
Puts, deals, and ecosystems
Burry shot to fame after his massive bet against the US housing bubble was immortalized in the book “The Big Short,” and a movie adaptation starring actor Christian Bale as Burry.
He resurfaced on X in late October after more than two years of silence. Since then, he has sounded the alarm on an AI bubble, closed his hedge fund to outside cash, launched a Substack to share his research, and disclosed he owns bearish put…
