this post was submitted on 05 Nov 2025
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The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.

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[–] rimu@crust.piefed.social 33 points 22 hours ago (2 children)

Well, kinda. To be more specific, he's mostly betting that Palantir is overvalued, which it probably is. Peter Thiel is a nut case.

[–] quick_snail@feddit.nl 1 points 27 minutes ago* (last edited 27 minutes ago)

Well, he's right about the Antichrist. Peter Theil knows about the Antichrist.

[–] frog_brawler@lemmy.world 4 points 7 hours ago

He's right about that - 100% right, but there's SOOOO many things overvalued right now and it doesn't seem to matter. Like, whatever is good on paper doesn't necessarily correlate with reality in this market.