---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000900831.md"
description: "Breaking: Michael Burry says AI's biggest customers are "tokenmaxxing"The pyramid of customers who become competitors:Tier 1: frontier model builders: OpenAI, Anthropic, Google, Microsoft, Meta, xAI. 7 to 10 companiesTier 2: vertical LLM builders: Salesforce, ServiceNow, SAP, Bloomberg, IBM. 30 to 50 companiesTier 3: Fortune 500 building proprietary AI: JPMorgan, UnitedHealth, Walmart, CVS. 200 to 500 companiesTier 4: true pure consumers: mid-market companies and traditional manufacturers. Fewer companies remain as they climb the pyramid, per Burry's SubStack"
datetime: "2026-09-15T14:16:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000900831.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000900831.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000900831.md)
author: "[Michael Burry Tracker](https://longbridge.com/en/profiles/17582432.md)"
generator: "portal-rs"
---

# Breaking: Michael Burry says AI's biggest customer…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**