Michael Burry bets on sportsbooks DraftKings, Flutter

Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from…

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China warns about AI risks with Anthropic’s Claude Code

Security officers keep watch in front of an AI (Artificial Intelligence) sign at the annual Huawei Connect event in Shanghai, China, September 18, 2019. Aly Song | Reuters BEIJING — China on Wednesday warned of “back-door” security risks affecting companies that use U.S.-based company Anthropic’s Claude Code artificial intelligence tool. It comes as the U.S.-China…

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This is the most expensive market in American history

Veteran investor Jeremy Grantham thinks the artificial intelligence boom has pushed the U.S. stock market to its most expensive level ever and could eventually lead to a historic decline. “Based on the value of the stock market compared to GDP, with modifications, this is the most expensive market in American history,” Grantham told CNBC’s “Squawk…

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