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                    "Screenshot via CBS\nMichael Burry, the famed investor who prophetically shorted the housing market before the 2008 financial crisis, argued on Monday that major AI companies joining the panic around the technology were only doing so out of a \u201cself-serving\u201d need to provide \u201ccover\u201d for the slowing growth in the industry.\nBurry has long warned that AI companies\u2019 soaring stock prices represent a bubble that could tank the entire market if investors panic over the massive spending and limited revenue the companies operate with.\n\u201cLet\u2019s all take a moment to understand how self-serving it is for OpenAI, Anthropic and other execs of big hyperscalers to talk of slowing things down,\u201d Burry wrote on X Sunday night, adding:\n1. LLMs are not AI and won\u2019t be AGI. There is nothing AI to slow down.\n2. Competition is coming up fast, slowing benefits incumbents.\n3. IPOs need hype & puffery; \u201cwe are so awesome it could become dangerous\u201d is hype & puffery\n4. Cover for real uncontrollable slowing growth as IPOs look to be pushed out\nBurry\u2019s message echoed some of the sentiments put out by President Donald Trump this week.\n\u201cThe only control or \u2018guardrails\u2019 that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades!\u201d Trump posted on social media Monday, adding:\nThe Trump Administration has stopped AI \u201cpeople\u201d from doing bad, or potentially bad, \u201cthings,\u201c like Dario (Anthropic!), who is now pretending to be a \u201cperfect little angel\u201d \u2013 and we will continue to do so! We already have tremendous CRIMINAL and REGULATORY power over these companies! There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China. WHOEVER WINS AI, WINS! We are leading China, and all others, and will continue to do so. Conspiracy Theorists, Treasonists, Traitors, and Leakers, BEWARE! Thank you for your attention to this matter! President DONALD J. TRUMP\nLast week, Jacob Coxon, who worked as a lead artificial intelligence researcher at Anthropic, grabbed headlines and sparked a national debate about the safety of AI. Coxon posted to X, writing, \u201cI resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives.\u201d\nBurry\u2019s first claim that LLMs (Large Language Models) are not AGI (Artificial General Intelligence) runs counter to Coxon\u2019s warning, as Burry is suggesting that AI is not actually at the stage of any kind of independent thought, but is still only a statistical text-prediction tool.\nNew: The Mediaite One-Sheet \"Newsletter of Newsletters\"Your daily summary and analysis of what the many, many media newsletters are saying and reporting. Subscribe now!"
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