Forget the golden age of fraud, the billionaire investor who shorted Enron warns we might be in the ‘diamond or platinum level’ amid the AI boom

• Billionaire investor who foresee and profitable from Enron’s collapse Jim Chanos As a result of the AI ​​explosion, the fiscal fraud is already increasing. It regulates the theory that a fraud cycle follows a cycle of financial success and expects more companies to promise investors about the capabilities of artificial intelligence.

Billionaire short seller Jim Chanos in 2020 said Financial times In part, as a result of the “Fake IT” attitude and pandema of the Silicon Valley, we were in the “Golden Age of Fraud”, which is the result of a fluctuation in their willing retail investments.

About five years later, as AI Boom Balloons larger than dotcom balloon About 30 years ago, “We may be switch to diamonds or platinum levels” in question.

Chanos, who made some of his reserve as an energy company Enron’s short seller Investigated by Luck For widespread fraudulent applications – AI balloon continues to swell, financial fraud should accompany the success of the sector, he said.

“On the technical side of artificial intelligence-guided fraud-such as teeth and similar vehicles-I haven’t spent too much time, but it is quite clear that it will get worse,” he said. report This week with the new Institute of Economic Thinking Thinking Worker.

“Especially when it comes to financial fraud, there is no question that we see more-especially the wave of the current AI-guided market explosion,” he added.

The S&P 500 has been fed by most magnificent seven growth and increased by 10% to date. Technology giants spend on their AI and infrastructure. 0.5% added to the US GDP growthAccording to Pantheon macroeconomics.

But in the middle of the increasing Anxiety about an AI balloonThe confidence of investors in the sustainability of growth with artificial intelligence is shaking. One MIT Report Due to the hurry to integrate AI, which was released last week, he found that only 5% of AI pilot programs earned urgent income. For the other 95% of the projects, the application was insufficient.

And even though it is at the beginning of this week Nvidia The second quarter income reported 46.7 billion dollars of revenue and an annual increase in sales increased by 56%, exceeded expectations and exceeded expectations. The share fell Data center income points to a potential vibe change in investor optimism.

The framework of Chanos’ predicting the rise of fraud is triggering with mass financial growth periods. AI explosion is not an exception.

“One of my long views that the fraud cycle has always followed the financial cycle with a delay. “Companies will see that they are AI companies or that they do everything they can, by revealing some of the great technology breakthroughs that seem to be exciting but not right, but they do everything they can to Hype to investors.”