Dario Amodei says a single decision in Washington about AI chips could undermine America’s standing as the most powerful nation on the planet. In a panel discussion at Axios’ AI+ DC Summit 2025, the Anthropic CEO says US leadership in advanced chips is directly tied to the future of democracy and economic power. He says that the one who wins the AI race could control the fate of nations, noting that it is “completely nuts” for the US to sell Nvidia chips to China. “And if we look at all the ingredients, China has many of them better than we…
Author: CapitalAI Daily Team
Billionaire venture capitalist Vinod Khosla warns that people will lose a lot of money chasing the AI trade. In a new Fox Business interview, Khosla says investors pouring money into the AI trade would be better off following the example of fellow billionaire Warren Buffett. He makes the statement as he believes that most bets in AI will not pay off. “You were just talking about Warren Buffett. He doesn’t invest for the next quarter. He invests for the next decade, as you’ve seen from his bets. I think that is the way to approach AI. I believe most investments…
A Minnesota woman has admitted to orchestrating a yearslong scheme built on false promises of AI cures. Tammy Wadsworth, 63, pleaded guilty in U.S. District Court in Minneapolis to possession of counterfeit medical products, conceding that she marketed devices through the pain clinic she founded, reports The Minnesota Star Tribune. Federal prosecutors agreed to drop the remaining counts in her indictment as part of a plea deal. Court documents show that Wadsworth recruited franchise owners across the country beginning in 2017. She sold them devices and gels from a third-party vendor, then replaced the manufacturer’s labels with her own for…
Banking titan JPMorgan Chase warns that the stock market’s biggest threat may not come from politics or policy – but from the AI trade. Kerry Craig, a global market strategist at JPMorgan Asset Management, says one factor tied to artificial intelligence could carry more weight than geopolitical tensions in determining whether the record-breaking rally holds, reports Bloomberg. “There’s so much focus on AI, that some disappointment could lead to a bigger pullback.” Craig points to the surge in spending by hyperscalers, cautioning that valuations leave little room for error. “If those aren’t translated into revenues, you could see the market…
Mark Zuckerberg says Meta faces a risk that outweighs even the loss of staggering sums in artificial intelligence spending. In a new interview on the ACCESS Podcast, the Meta CEO says he has weighed the risks and the rewards of pouring hundreds of billions of dollars into the AI race. While Zuckerberg acknowledges that the financial stakes are extraordinary, he highlights that falling behind is not an option for Meta. “And if we end up misspending a couple of hundred billion dollars, I think that that is going to be very unfortunate, obviously. But what I’d say is I actually…
A Kenyan trafficking survivor says AI tool ChatGPT was deployed at scale inside a Southeast Asian scam compound, where hundreds of forced laborers were ordered to pose as American investors and funnel victims into bogus crypto schemes. Duncan Okindo, 26, says he was lured to Thailand with the promise of a customer service job last year, then abducted and taken across the border to KK Park, a heavily guarded compound in Myanmar, reports Reuters. He says he spent four months working under armed supervision before escaping in April. Inside the facility, Okindo says workers sat in large rooms lined with…
Empower’s Marta Norton says the AI trade has shifted from a corporate growth driver to a matter of sovereign competition, likening the technology to the Cold War space race. In a Bloomberg Technology interview, the chief investment strategist at Empower says companies appear aligned with the Trump administration’s policy priorities, underscoring AI’s strategic significance beyond commercial applications. “It’s a pretty fascinating time. I mean, we’re looking at company after company that seems to be very in tune to what the Trump administration wants. And I think it underscores this idea that AI isn’t just a form of secular growth for…
Billionaire and DoubleLine Capital CEO Jeffrey Gundlach warns that the AI mania is a frenzy that has already happened twice in history. In a new CNBC interview, the billionaire says investors tend to discount transformative technologies early, driving valuations to levels that later struggle to justify themselves once growth normalizes. He recalls a similar event that happened over 100 years ago, when humanity adopted electricity en masse. “And I use the analogy of electricity. In 1900, people started to realize that electricity was going to change the world. And they were right. And so, there was a mania in electricity…
Magnetar Financial has disclosed a $15.62 billion stake in CoreWeave (CRWV), making the AI infrastructure company the largest position in its portfolio. Data from the firm’s latest 13F filing shows that it holds 95.8 million CoreWeave shares, accounting for 76% of assets under management. In a new Bloomberg Technology interview, managing partner David Snyderman says the bet reflects Magnetar’s conviction in CoreWeave’s trifecta of market differentiation. “I think AI infrastructure… it really comes down to three things. It’s skill. It’s scale, and it’s scarcity. So I’ll start with scale. When we started investing in CoreWeave, we were talking about 100 GPU…
Anthropic chief executive Dario Amodei says the rapid advance and diffusion of AI could eliminate half of white-collar jobs within five years, and he is now laying out the reasons behind the forecast. In May, the Anthropic CEO predicted that AI would wipe out 50% of all entry-level white-collar jobs and push unemployment to 10-20% in the next one to five years. In a panel discussion at the AI+ DC Summit 2025, he explains the rationale behind his prediction. Amodei says that private conversations with CEOs about plans for AI adoption and labor reduction convinced him the public had not…