"The Big Short" Burry fires again: The market should plummet hard to stop OpenAI and Anthropic's trillion-dollar IPOs.

date
08:57 01/10/2026
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GMT Eight
Well-known investor Michael Burry has once again attacked the AI boom, warning that the planned public listings of Anthropic (ANTHRO) and OpenAI (OPENAI) could expose the market to massive capital losses.
Title context: "The Big Short" Burry fires again: The market should plummet hard to stop OpenAI and Anthropic's trillion-dollar IPOs. Text: Michael Burry, the real-life protagonist of the film "The Big Short" and a well-known investor, has once again attacked the AI boom, warning that the planned public listings of Anthropic (ANTHRO) and OpenAI (OPENAI) could expose the market to massive capital losses. "For the good of humanity, the market should plunge hard and stop the OpenAI and Anthropic IPOs," Burry wrote on X. At the time, U.S. President Donald Trump was meeting with AI executives at the White House on Tuesday to discuss voluntary industry self-regulation. "These companies will suck up and destroy trillions of dollars in capital, and that will be the least of the damage they cause," Burry said in another comment. Burry has repeatedly questioned whether the massive spending on data centers and AI infrastructure can generate sufficient returns. Earlier this month, he called warnings from AI leaders such as OpenAI and Anthropic about a slowdown in AI development "self-serving," arguing that such warnings could help build momentum for their planned IPOs. His latest remarks come as investment in AI infrastructure continues to surge, with the industry's two largest private companies advancing potential public listings. According to Reuters, Anthropic's IPO prospectus shows that despite reporting a net loss of $42 billion in 2025, the company expects commitments of about $518 billion over the next few years in cloud, computing and infrastructure, while the planned listing could value the company at more than $2 trillion. The report said Anthropic's IPO is expected to launch after the U.S. midterm elections in November, while OpenAI has postponed its IPO plans to next year. OpenAI CEO Sam Altman said on Tuesday that the company has no specific timetable for a listing, adding that safety work on next-generation AI models remains a more important priority. Trump pushes AI self-regulation On Tuesday, a group of Big Tech CEOs signed Trump's "White House Superintelligence Accord," outlining a joint commitment to the responsible development of frontier AI models. Signatories included Sundar Pichai of Alphabet Inc. Class C (GOOGL.US), Dario Amodei of Anthropic (ANTHRO), Mark Zuckerberg of Meta (META.US), Greg Brockman of OpenAI (OPENAI), and Elon Musk of SpaceX (SPCX.US). After the meeting, Trump said he saw "tremendous self-regulation" in the industry and argued that although the United States already regulates through agencies such as the Department of Justice and the FBI, "self-regulation is very important."