Michael Burry joins our concerns about OpenAI?
Here are the extremely sharp things he writes:
Anyone who knows, knows this.
OpenAI is like the next generation of Netscape.
It is on the verge of bankruptcy and there is a severe cash drain.
Microsoft is trying to keep OpenAI afloat by siphoning intellectual property that is not reflected on the balance sheet.
So why do they continue to receive funding?
Because the entire industry needs an IPO worth $500 billion as soon as possible.
Does he know something that we don't?
And if this is indeed true,
We ask: does Sam Altman have more tricks up his sleeve?