'Big Short' investor Steven Eisman says Enron-era tricks are cropping up in the AI trade

Investor Steve Eisman said on a September 25 episode of The Real Eisman Playbook podcast that he sees disturbing similarities between current AI dealmaking and practices used by Enron. He specifically pointed to off-balance sheet financing using special purpose vehicles, which he thought had disappeared after Enron and the global financial crisis. Eisman has warned about the AI trade throughout the year, citing its reliance on a small number of companies.

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