The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.
The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.
Well, kinda. To be more specific, he’s mostly betting that Palantir is overvalued, which it probably is. Peter Thiel is a nut case.
Well, he’s right about the Antichrist. Peter Theil knows about the Antichrist.
He’s right about that - 100% right, but there’s SOOOO many things overvalued right now and it doesn’t seem to matter. Like, whatever is good on paper doesn’t necessarily correlate with reality in this market.