Michael Burry Calls AI Slowdown Push Self-Serving as Nvidia Drops 3%
Updated
Updated · Business Insider · Sep 14
Michael Burry Calls AI Slowdown Push Self-Serving as Nvidia Drops 3%
3 articles · Updated · Business Insider · Sep 14
Summary
Michael Burry said OpenAI and Anthropic leaders are pushing to slow AI development for self-interest, arguing the campaign helps incumbents, inflates IPO hype and masks weakening growth.
Four critiques underpinned his attack: he said chatbots are not a path to AGI, a slowdown would hurt smaller rivals, extinction warnings feed valuations, and deliberate restraint offers cover for real deceleration.
Dario Amodei had urged peers to “slow the pace” so safety work could catch up, and Sam Altman, Elon Musk and Demis Hassabis publicly backed that call after researchers warned frontier labs were racing toward dangerous superintelligence.
Markets showed the cost of that debate Monday: Nvidia fell 3% in premarket trading, while Intel, Micron and SK Hynix dropped more than 5% on fears slower AI progress could curb demand.
The clash also reflects a wider policy split, with Trump dismissing apocalyptic AI warnings and stressing the US must keep advancing to beat China.