Michael Burry, the investor known for predicting the housing meltdown ahead of the 2008 crash, is now targeting one of the market’s most beloved themes, artificial intelligence. At the center of that effort is Phil Clifton, Burry’s former colleague, whose research frames a core concern: AI’s rapid adoption is real, but the economics behind the infrastructure buildout don’t yet justify the cost. CNBC’s Yun Li breakdown research notes from Clifton that explain Burry’s negative thesis about AI.
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