The man behind The Big Short is back — and this time his target is hype, not housing.

Michael Burry (played by Christian Bale in The Big Short) has placed large bearish bets on two of the market’s most celebrated AI winners: Nvidia and Palantir.

And because this is 2025, it didn’t take long for Palantir CEO to go on CNBC and call his strategy “bat—— crazy.”

Recent filings from Burry revealed that Scion Asset Management effectively disclosed a ~$1.1B short position against the AI trade via put options tied to Palantir (~$912M) and Nvidia (~$187M).

This aligns with Burry’s signature playbook: Find where the story is outrunning the math.

Both companies are trading at extremely high valuations:

Burry’s argument is not “AI isn’t important.” His argument is: the market is acting like we’re already living in a fully AI-transformed economy.

If Burry is right: We’re entering phase two of the AI cycle: from hype → reality check → value separation.

If CEO of Palantir Alex Karp is right: We’re in the early innings of a multi-trillion-dollar economic transition.

Both can be true — the technology can be inevitable, and the market can still be early on the revenue to back it up. And that gap is where the trade is.

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Anthropic is planting deeper roots in Europe, with new offices headed to Paris and Munich to keep up with rising demand for its Claude AI models. The $183B startup (backed by Alphabet and Amazon) has already been growing fast across London, Dublin, and Zurich — tripling its European team last year. Europe has now become Anthropic’s fastest-growing region, with revenue up 9x and big-name clients like L’Oréal, BMW, and SAP in the mix.

Sam Altman was forced to clarify that OpenAI isn’t asking for an AI bailout, even going so far as to say that if the company messes up, it should fail like anyone else. The confusion started after its CFO stated a government backstop would help lower the cost of financing pricey AI chips, setting off a frenzy of discussion. Instead, OpenAI says it wants a broader industry framework to support U.S. chip and data-center build-outs — not a special safety net.

Bernie Sanders and several Democratic senators are calling out the White House over rising electric bills, pointing the finger at the AI data-center boom gobbling up huge amounts of power. They argue companies like Meta, OpenAI, and Alphabet are effectively forcing everyday households into “bidding wars” just to keep the lights on and want federal safeguards to make sure Big Tech pays the bills. This at a time when the government currently has no lights on due to the shutdown.

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Google’s back at it with more practical and useful AI tools. This time they’re layering Gemini into Maps so you can talk to it rather than just tapping around through screens.

What’s new:

Why it matters:
Maps is becoming less of a map, more of a guide with powerful features. Make the most of the tech and find out more here.