Steve Eisman gets more conservative with portfolio as AI trade nears 'tipping point'

Steve Eisman of "The Big Short" fame thinks the artificial intelligence trade is near a "tipping point," but he's not ready to outright bet against it yet. "I've gotten much more conservative in my own portfolio. We have shorted against the box a whole bunch of our positions, so that our risk is much, much, much lower. But I'm not, like, net short any," he told CNBC's "Squawk Box" on Thursday. Eisman's primary concern pertains to the frontier algorithm models, which are exploiting a climate of fear around their technologies, he believes, in order to set up a competitive regulatory moat against more cost-efficient products and to obscure some faltering fundamentals. Bigwigs in the tech industry have issued similar warnings .