Steve Eisman says Michael Burry’s AI depreciation thesis “too academic” and says an OpenAI failure is the much larger risk
“I think, with all due respect to Michael, I think his argument is too academic."
"Put it this way: if AI succeeds because Anthropic and OpenAI grow like crazy and the hyperscalers do well, et cetera, et cetera, it’s not going to matter if the depreciation schedule changed from three to four years to five to six years."
"At the same time, if OpenAI fails and the whole chain goes in reverse, we’ll have a massive correction which has nothing to do with the depreciation schedule."
"I mean, I think what he’s deep down trying to point out is maybe there’s something wrong here, but I don’t think the thing that he’s pointing to as being wrong is important enough.”
Jensen Huang jokes ten Somaek drinks left him with no trouble kissing a Korean man on the mouth, and says he has a lot of fans, especially in Samsung's supply chain group
Jensen Huang: “And I’ll just tell you, I’ll just say this one inappropriate thing. I’ve only been kissed in the mouth by a man in Korea.”
Juju Chang: “Lori’s like, ‘Where is this going?’”
Jensen Huang: “I don’t know. And it was a Samsung employee, Jay.”
Juju Chang: “Wow, this is getting really good. Okay.”
Jensen Huang: “But we have some serious things I’ve got to say. But I just, what is that drink called where soju goes into the beer? It’s called something.”
Juju Chang: “Soju bomb?”
Audience: “Somaek.”
Juju Chang: “Somaek. Soju and maekju. Somaek.
Jensen Huang: "And it goes, right? And then you drink about 10 of those, and you have no trouble kissing a man in the mouth.”
Juju Chang: “No wonder you’re so popular in Seoul.”
Jensen Huang: “Well, I have a lot of fans. Many of them supply chain of Samsung.”
Juju Chang: “Exactly.”