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
via ft.com
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Billionaire investor Jim Chanos, who predicted and profited from the collapse of Enron, warned financial fraud is already on the rise as a result of the AI boom. He holds the theory that a cycle of fraud follows a cycle of financial success and expects more companies to break promises to investors about the capabilities […]