finance

Michael Burry Urges Investors to Reduce Exposure to Parabolic Tech Stocks

May 11, 2026

1 source

CNBC Finance

Michael Burry Urges Investors to Reduce Exposure to Parabolic Tech Stocks

Story Summary

Investor Michael Burry is advising market participants to scale back holdings in technology stocks, warning that current AI-driven momentum mirrors the speculative excesses of the 1999-2000 dot-com bubble. Burry advocates for raising cash rather than short-selling, which he deems prohibitively expensive and risky. He cautions that despite potential short-term gains, current valuations remain unsustainable and will likely resolve in significantly.

Elon Musk is currently litigating a lawsuit against OpenAI, alleging that CEO Sam Altman and President Greg Brockman abandoned the company’s nonprofit mission for profit-driven motives. Musk seeks the removal of leadership and up to $150 billion in damages. OpenAI characterizes the suit as a retaliatory effort to hinder a competitor. The outcome could fundamentally reshape OpenAI’s corporate structure and.

The Verge·May 11, 2026

insurance

Willis Adapts Insurance Frameworks to Manage Complex Risks of Hyperscale Data Center Expansion

Willis is evolving its insurance offerings to support the rapid growth of AI-driven data centers by replacing fragmented, siloed policies with comprehensive, end-to-end coverage. George Haitsch, North American tech leader at the WTW business, notes that the firm’s new model streamlines the transition from construction to operational phases, addressing multifaceted risks including cyber, environmental, and property concerns within a single.

Insurance Journal·May 11, 2026

consumer services

General Motors Settles California Privacy Lawsuit Over Unauthorized Driving Data Sales for $12.75 Million

General Motors has agreed to a $12.75 million settlement with California to resolve allegations that it improperly sold driver location and behavior data to insurance companies. The agreement mandates that GM cease selling customer information to data brokers for five years, provide transparent privacy disclosures, and obtain explicit consent before collecting driving data. This follows a similar January 2026 FTC.

The Verge·May 11, 2026

google

Google Threat Intelligence Group Detects First AI-Developed Zero-Day Exploit

The Google Threat Intelligence Group has identified the first instance of a threat actor utilizing a zero-day exploit developed via artificial intelligence. While the attack was thwarted through proactive discovery, the incident signals a shift toward industrial-scale AI application in adversarial workflows. Google is countering these evolving threats by deploying AI agents like Big Sleep and CodeMender to automate vulnerability.

Google Blog·May 11, 2026