How OpenAI Could Cause a US Recession With Steve Eisman
On episode 264 of The Compound and Friends, Downtown Josh Brown and Michael Batnick are joined by Steve Eisman to discuss in front of a live audience of University of Miami students: why AI labs are asking to be regulated, the end of tokenmaxxing and the rise of cheap open-weight models, whether any AI company has a moat, CoreWeave's debt and whether AI funding is about to break, why this is not 2008, how OpenAI and Anthropic became systemically important, Nvidia's customer concentration, the chip selloff and the rush to call the next Big Short, the AI price war bear case and Oracle's OpenAI backlog, hot inflation and what the bond market revealed about the AI trade, the Anthropic IPO, the worst housing market since the financial crisis, and what it was really like to be right in 2008. This episode is sponsored by VanEck and Janus Henderson Investors. To learn more about RAAX, visit https://www.vaneck.com/RAAXCompound. Visit https://www.janushenderson.com/ for more information. Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ VanEck Disclosure: Investing involves substantial risk and high volatility, including possible loss of principal. Call 1-800-826-2333 or visit vaneck.com to read and consider the prospectus, containing the investment objective, risks, and fees of the fund, carefully before investing. #stockmarket #investing #finance Learn more about your ad choices. Visit megaphone.fm/adchoices