Michael Burry quits the market? ‘Big Short’ legend deregisters Scion Asset Management amid bold new move

Michael Burry at the “Big Short” premiere in 2015. Jim Spellman—WireImage/Getty Images

Michael Burry, the famed investor who predicted the 2008 financial crisis and inspired The Big Short, has officially deregistered his hedge fund, Scion Asset Management, according to an SEC filing effective November 10. The move comes as Burry tells investors he plans to liquidate the fund and return capital by year’s end. A letter dated … Read more

$500 billion, 2,500 jobs, One goal: OpenAI and Oracle’s giant leap to control the future of AI

OpenAI and Oracle's $500B Stargate data center to rise in Michigan.

OpenAI and Oracle have officially announced plans to construct a 1-gigawatt “Stargate” data center in Saline Township, Michigan, marking one of the most ambitious AI infrastructure projects in U.S. history. Partnering with Related Digital, the companies will invest billions to create a next-generation campus designed to fuel OpenAI’s exponential demand for computing power. The project … Read more