Eisman calls Burry's AI depreciation thesis 'too academic'; the real risk is an OpenAI failure
robleclerc · x · 2026-10-04
Investor Rob LeClerc pushed back on Michael Burry's 'AI is a bubble' bet with a Malthusian-vs-Promethean framing.
- Steve Eisman (quoted by Fireside Alpha) calls Burry's AI depreciation thesis 'too academic': if AI succeeds and Anthropic, OpenAI and the hyperscalers grow like crazy, whether depreciation schedules shift from 3-4 to 5-6 years won't matter
- The far bigger risk is OpenAI failing, reversing the whole funding chain into a massive correction unrelated to depreciation
- LeClerc argues Burry is a Malthusian—the 'running out of greater fools' logic fit the dot-com and housing bubbles—but AI is Promethean: better AI makes AI more valuable and begets more AI, a self-reinforcing growth loop
- The post links to xAI's newly launched Grok Bot, AI teammates that operate your apps like a human
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