Aug. 14 at 2:15 AM
Steve Eisman said the AI boom is heavily dependent on the success of OpenAI and Anthropic. Speaking on CNBC, the investor estimated that the two startups represent roughly 70% of AI-related revenue at Microsoft, Amazon, Alphabet and Oracle, and account for around 25%-35% of their cloud revenue. “The future of these huge companies is, in some sense, a bet that OpenAI and Anthropic will succeed,” Eisman said.
Eisman identified China as the biggest potential threat to the AI investment story, arguing that cheaper open-source and open-weight Chinese models could gain market share. If OpenAI and Anthropic lose ground, he warned, the industry could face an aggressive price war that would pressure AI-related revenues across major cloud providers.
His view contrasts with Michael Burry, who has adopted a more bearish stance on the sector.
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