, Columnist
The AI Bubble Is Ignoring Michael Burry’s Fears
Another big short?
Photographer: Astrid Stawiarz/Getty Images North AmericaCosting tens of thousands of dollars each, Nvidia Corp.’s pioneering AI chips make up a hefty chunk of the $400 billion that Big Tech plans to invest this year — a bill expected to hit $3 trillion by 2029.
But unlike 19th-century railroads, or the Dotcom boom’s fiber-optic cables, the graphics-processing units (GPUs) fueling today’s AI mania are short-lived assets with a shelf life of perhaps five years.