Big Short's Eisman Says OpenAI Failure Means US Recession
By TechPulse USA The man who got rich betting the American housing market would collapse now says one artificial intelligence company has become too big to fail. Steve Eisman — the "Big Short" investor — told a Miami audience on Friday that if OpenAI "went bankrupt tomorrow," the United States economy "would go into recession immediately." He is not predicting it. That, paradoxically, is what makes the warning worth taking seriously: this is not a permabear calling the top, it is a description of how concentrated the AI economy has become. The New York Stock Exchange trading floor. Eisman argues OpenAI has become "systemically important" — a word markets used to reserve for banks. Photo: Carol M. Highsmith / Library of Congress (public domain; via Wikimedia Commons). The line, verbatim Eisman was speaking on episode 264 of The Compound and Friends, recorded October 16 in front of a live audience of University of Miami students, with hosts Do...