Burry advocates for market correction to prevent OpenAI and Anthropic listings

Renowned short seller Michael Burry, portrayed in the film 'The Big Short,' has argued that a significant market downturn would be beneficial for humanity, preventing the public listing of OpenAI and Anthropic. Burry claims these companies would siphon trillions of dollars, ultimately squandering them, representing only the minimal damage they could inflict. OpenAI CEO Sam Altman recently stated that going public in 2026 is not advisable due to AI safety concerns, while a regulatory filing suggests Anthropic may list after the November U.S. midterm elections. Burry, who has increased his short positions on tech firms like NVIDIA and Oracle, believes the current system of debt-driven chip and data center investments is unsustainable and vulnerable to rising interest rates. He has revised his timeline for his AI bearish predictions, now expecting them to materialize within a year rather than in 2028.