Michael Burry, the investor who shot to fame for calling the housing crash before 2008, has launched a Substack newsletter after deregistering his hedge fund, aiming to lay out in detail his increasingly bearish thesis on artificial intelligence.

"The Big Short" investor is capitalizing on the massive audience he's built on X, where 1.6 million followers have long parsed his cryptic posts. His new publication, titled "Cassandra Unchained" with a $379 annual subscription fee, arrives with a familiar warning: He believes markets are once again deep in bubble territory.

In announcing the launch, Burry referenced the parallels between the late 1990s tech mania and today's rush into AI and how the bubbles have been ignored by policymakers, in his view.

" Feb 21, 2000: SF Chronicle says I'm

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