Goldman Sachs says a multitrillion-dollar wave of AI infrastructure spending could be the catalyst that spreads gains beyond the market’s largest tech names. In a CNBC interview, Goldman’s chief US equity strategist, David Kostin, points to Nvidia’s latest forecast for industry capital spending through the end of the decade and ties it to how stock market leadership could broaden. “Goldman Sachs tech conference in San Francisco, NVIDIA commented about the idea of $3 trillion, T with a trillion, capital spending that they anticipate over the next several years from now to 2030. So that would be a tailwind to the…
Author: CapitalAI Daily Team
Mark Cuban says the real disruption from artificial intelligence won’t come from large language models but from robots that can see, move, and act in the physical world. In a panel discussion at the All-In Summit, the billionaire investor says the current AI craze is limited by its text-based nature. While chatbots have dominated headlines, Cuban explains they can’t sense or process the physical environment. He predicts that AI’s next wave in robotics has the potential to upend labor markets. “But in the long term, it comes down to robotics. Because the electrical workers, if robotics do what robotics need…
Tech titan Elon Musk says artificial intelligence (AI) could surpass the collective intelligence of humanity in just a few years. In a panel discussion at the All-In Summit, the billionaire says that advances in AI will continue as processing power scales, noting that incremental leaps in compute will yield massive jumps in capability “I think there’s a natural logarithmic function associated with the amount of compute. So then, like, say, for argument’s sake, like 10x more compute will double the intelligence… That still means that you go from 100 IQ to 200 IQ. So pretty, pretty big deal.” Musk predicts…
OpenAI chief executive Sam Altman says artificial intelligence could drive the economy into an era of radical abundance, but warns that society must solve a new problem. In an interview with venture capitalist Vinod Khosla, Altman says AI is likely to make many goods and services cheaper amid an economy driven by deflation rather than inflation. He paints a picture of everyday essentials becoming universally affordable. “I think it should be hugely, I hope it’s deflationary, I think it should be… I hope that things like water and food and healthcare and education and access to nature and time with…
Morgan Stanley says the rapid expansion of artificial intelligence (AI) could run into a resource bottleneck far beyond chips. In a research note circulating on X, the bank projects that AI data centers will drive annual water use for cooling and electricity generation to new heights in just four years. “We expect AI data centers to drive annual water consumption for cooling and electricity generation to approximately 1,068 billion liters by 2028 (our base case) – an 11x increase from 2024 estimates.” The surge comes as demand for generative AI compute explodes. Morgan Stanley forecasts power needs will expand significantly,…
Billionaire entrepreneur Mark Cuban says college students and new graduates have an unprecedented advantage as artificial intelligence tools reshape the economy. In a panel discussion at the All-In Summit, Cuban says he’s discouraging his children from pursuing a job at big firms, noting that they are intent on adopting AI. But he says that college graduates can have a huge advantage at small or medium-sized firms if they can actually set up tools, connect systems, or automate workflows using AI. “So I got two kids in college. And what I tell them is, if you were looking for a job…
Morgan Stanley says the record-setting rally can continue as artificial intelligence (AI) drives a new phase for markets, and it’s laying out four themes for investors to follow. In a CNBC interview, Morgan Stanley private wealth advisor Sherry Paul says investors shouldn’t assume the run is over just because indexes keep climbing higher. But she warns that investors who are chasing the market should allocate funds to sectors and companies that have structural support or macro tailwinds. “It’s important, especially for individual investors, because just because the market hits new highs doesn’t mean that we’re not going to hit more…
ElevenLabs employees are set to cash out tens of millions of dollars as the AI voice startup opens a secondary sale that values the company at $6.6 billion, double its worth from January. The company says the staff can sell up to $100 million of stock in a tender led by Sequoia Capital and Iconiq Growth, with participation from Andreessen Horowitz, reports Bloomberg. The move allows early employees to realize gains from the AI boom while new investors expand their stakes. Founded in 2022, ElevenLabs makes artificial voices that can mimic human speech in multiple languages. Its technology is used…
Nebius shares surged after the company announced a multibillion-dollar contract to supply Microsoft with the computing power needed to run advanced artificial intelligence models. The Amsterdam-based firm said it will provide GPU infrastructure capacity worth $17.4 billion over five years, reports Reuters. The deal may expand to $19.4 billion if Microsoft purchases additional services. The news sent NBIS shares flying in after-hours trading, soaring from $64.19 to as high as $102.98, an over 60% climb in a matter of hours. Nebius specializes in providing Nvidia graphics processing units and cloud services tailored for AI developers. Its platform combines computing, storage,…
AI firms Databricks and Cognition have vaulted into the highest tier of artificial intelligence startups, pulling in billions from top venture firms as investor appetite shows no signs of cooling. Databricks closed a $1 billion round that values the San Francisco software company above $100 billion, while Cognition secured $400 million at a $10.2 billion valuation, reports Bloomberg. The combined tally tops $110 billion, underscoring the scale of money pouring into AI’s infrastructure and applications. Databricks makes software that helps companies organize massive piles of information and then use it to train and run AI. The firm is now moving…