Michael Burry, the investor known for betting against the U.S. subprime mortgage market and later highlighted in the film “The Big Short,” says the current AI boom shows similarities to the dot-com era. He argues the surge in investment and market enthusiasm reflects an asset bubble dynamic rather than sustainable fundamentals. Burry points to the flow of capital into the AI sector, including rising amounts of riskier financing such as junk-bond debt and venture capital. Both outlets report that he frames the situation as a repeat of past speculative patterns: investors chase rapidly expanding technologies, while funding and valuations build faster than underlying performance can support. The comparisons he draws center on the role of heavy capital allocation and exuberant expectations that can lead to distortions in prices and risk. While the outlets emphasize different aspects of his remarks—one noting the specific categories of financing involved—both convey the same core message: Burry believes the AI boom has the characteristics of a bubble akin to the dot-com crash period.