Breaking: Michael Burry says Anthropic's IPO filing shows the whole AI boom is "catastrophically vulnerable"
Below are his reasonings:
1. Anthropic owes $537B for computer power, and pending deals could push it to $800B
2. Anthropic brings in about $65B a year, so it owes about 12x what it makes
3. Half of $537B goes to $AMZN, $GOOGL and $MSFT
4. Anthropic's sales growth slowed from 144% last quarter to 46% this quarter, while its compute costs jumped 78%
Burry says this setup works while AI keeps growing, but one slowdown could hit cause a collapse