Michael Burry, the investor featured in the film \'The Big Short\', warns of a financial collapse scenario stemming from a bitcoin plunge. He says a continuing decline could set off major corporate losses, forced liquidations and a wave of bankruptcies among crypto miners. Burry outlines three potential outcomes tied to bitcoin falling below $70,000, then to $60,000 and $50,000, and says the shock could also hit gold and silver futures markets.

Meta is increasing spending in the AI infrastructure race even though it does not sell computing services to outside companies. CEO Mark Zuckerberg announced the launch of a new organisation, Meta Compute, and pledged to secure tens of gigawatts of computing power this decade and hundreds of gigawatts longer term. The unit will oversee infrastructure, chip design, power procurement and supply chains. Some see a strategic shift, while others warn of profitability risks. Meta has already spent more than $70 billion and plans further investment exceeding $600 billion over two years.