Michael Burry Criticizes AI Slowdown as Self-Serving Hype

Michael Burry criticized the AI slowdown narrative as self-serving, claiming that executives from OpenAI and Anthropic benefit from suggesting their technology is advancing too quickly. Burry's comments came after Anthropic CEO Dario Amodei urged the industry to slow down in an essay published two days prior. Burry outlined four main objections: first, he argued that large language models (LLMs) are not true artificial intelligence (AI) and will never achieve artificial general intelligence (AGI), thus there is nothing to slow down. Second, he noted that competition is increasing, suggesting that a slowdown would protect current leaders. Third, he interpreted safety warnings as promotional tactics for upcoming stock listings, stating that companies portraying themselves as dangerously powerful also imply high value. Lastly, he suggested that discussions of an AI slowdown mask a decline in growth, coinciding with slipping IPO timelines. Amodei's essay called for labs to limit capability gains and involve independent evaluators, with support from Sam Altman and Elon Musk. Burry also highlighted that neither OpenAI nor Anthropic is currently profitable, with Anthropic not expecting to break even before 2028 and OpenAI aiming for 2030. The AI slowdown narrative has affected stock futures ahead of Monday's market opening.

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