Veteran American investor Michael Burry revived his AI warnings, sharing an analysis that found nine technology giants had amassed around $3 trillion in off-balance-sheet commitments related to the nascent technology.
The former hedge fund manager took to X to share a report by The Wall Street Journal that said that Google-parent Alphabet, Amazon, Facebook-parent Meta and Microsoft together reportedly disclosed $3 trillion in commitments largely for AI infrastructure, but these obligations are not yet recognized as liabilities on the face of corporate balance sheets.
