Michael Burry, the investor known for betting against the housing market before the 2008 crash, has intensified his criticism of the AI boom, warning that circular financing, government-linked schemes and surging valuations are concentrating wealth among a small group. In a Substack post and follow-up posts on X, Burry said the resulting inequality leaves much of the economy existentially worried about grocery and gas prices and threatens the health and longevity of the free Republic. Nvidia's market capitalization has risen about 1,200% to more than $5 trillion since ChatGPT launched in late 2022, while competition for AI talent has pushed listed base salaries as high as $530,000 at OpenAI and $690,000 for research engineers at Anthropic, according to Business Insider's analysis of federal visa filings. Burry said technology is enabling worse outcomes rather than improving society, agreed that the trend could lead to social conflict, and described renewed youth nihilism as more existential. He has also criticized AI companies' accounting practices and calls for a development slowdown, while Scion Asset Management's deregistration with the SEC last year ended its routine public portfolio disclosures. His remarks add to a broader U.S. debate over inequality involving Bernie Sanders, Elizabeth Warren and Jeff Bezos.