Michael Burry Doesn’t Do Interviews

Except "Michael Burry Speaks" with Michael Lewis

Michael Burry hasn’t done a real interview since 60 Minutes covered The Big Short. He closed his fund “Scion Asset Management“ last month and is now running only his own money. Recently, he sat down with Michael Lewis for 40 minutes and said things that should terrify anyone building in AI.

Start with Palantir PLTR 0.00%↑ . Burry noticed something he’d never seen before:

“There are five billionaires who came out of Palantir with $4 billion in revenue. The billionaires-to-revenue ratio was greater than one.”

He bought two-year puts. CNBC reported it as a billion-dollar short position. They were off by two orders of magnitude – it’s just a $10M bet that the stock drops 75%.

“Palantir and Nvidia are the two luckiest companies on the planet. Neither produced a product for AI, but they’re the two poster children.”

Nvidia NVDA 0.00%↑ made graphics chips that happened to work for crypto, then happened to work for LLMs. Palantir slapped AI labels on existing consulting software when ChatGPT launched.

Luck?

In some way, yes.

Google’s GOOG 0.00%↑ golden goose:

“Since I got ChatGPT and Claude, I don’t use Google. AI is expensive. I run queries that cost tens of dollars just for one inquiry. Google had those searches down to infinitesimal fractions of a cent.”

Read the complete series:

Part 1: Michael Burry Files: The Man Who Knew (Housing Crisis)

Part 2: Michael Burry Files: The GameStop Short Squeeze

Part 3. Michael Burry Files: The AI Bubble

Part 4: Michael Burry Files: A Masterclass in Corporate Governance

Watch the full "Michael Burry Speaks" interview »

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