Bridgewater's Greg Jensen echoes Michael Burry on Nvidia's AI chips — and says they could help make themselves obsolete

Core Insights - Michael Burry and Greg Jensen have raised concerns about the AI industry's reliance on Nvidia chips, suggesting that companies may be overstating the longevity of these chips to boost short-term profits [1][4] - Jensen highlighted a rapid depreciation of AI-related assets, predicting that advancements in AI could lead to faster obsolescence of current technologies [2][4] Group 1: AI Industry Dynamics - There is a "resource grab" in the AI sector as companies compete for limited resources such as land, energy, microchips, and talent [1] - Jensen noted that companies are attempting to enhance chip and energy efficiency through AI, which may lead to innovations that depreciate existing assets [2] - The AI investment boom is characterized by a race among leaders like Elon Musk and Sam Altman to develop superior intelligence, resulting in significant financial commitments [5] Group 2: Nvidia's Market Position - Burry criticized AI companies for extending the depreciation period of chips from three years to six years or more, arguing that Nvidia's rapid release of new chips will accelerate the loss of value for current generations [4] - Jensen described Nvidia's strategy as an attempt to create a monopolistic ecosystem, likening it to Standard Oil's historical control over the oil industry [5] - The demand for Nvidia's chips is so high that the company can generate revenue without the typical bubble dynamics seen in other sectors [5]