On Tuesday, "The Big Short" investor Michael Burry warned that the artificial intelligence boom could funnel enormous amounts of capital into companies such as OpenAI and Anthropic.
Michael Burry Warns of Trillions In AI Capital
Burry took to X and wrote, "For the benefit of humanity, the markets should tank hard and prevent the OpenAI and Anthropic IPOs."
Responding to a user who argued that both AI companies could lose significant value after going public, Burry went further, writing that they could "suck up and then destroy TRILLIONS of dollars of capital."
Burry has repeatedly compared the enthusiasm surrounding AI stocks with the late-1990s dot-com bubble and has warned that investors may be overstating the earnings potential of technology companies.
OpenAI, Anthropic Prepare for Potential IPOs
OpenAI confidentially submitted a draft registration statement for a potential IPO in June, but has not set a listing date.
CEO Sam Altman has indicated that the company is not planning to go public in 2026, while reports say it is seeking a $30 billion funding round at a valuation of about $1.4 trillion.
Anthropic also confidentially filed for an IPO in June. Latest reports have pointed to a potential November listing and a valuation of around $2 trillion, although the timing and terms have not been finalized.
Anthropic’s latest disclosures show the scale of the spending behind the AI race. The company reported $4.6 billion in 2025 revenue and losses exceeding $8 billion from operations, while outlining hundreds of billions of dollars in future computing commitments.
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