Anthropic co-founder and chief executive Dario Amodei says some software companies will go bankrupt as AI disrupts the industry. In an interview with Andrew Ross Sorkin, Amodei says the outcome for individual software-as-a-service (SaaS) companies will depend entirely on how quickly and seriously they respond to the threat AI poses to their existing business models. “I think individual SaaS companies, it’s very possible for them to lose market value, go bankrupt, completely go bust, but it depends on the response. I think there are incumbents today that are going to see very clearly, the moats here are going away, we’re…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
The head of digital assets research at VanEck says Bitcoin (BTC) is on a long-term trajectory toward a seven-figure price tag, but warns that the explosion will not come without turbulence. In a new CNBC interview, Matthew Sigel says the investment management firm’s base case for Bitcoin remains firmly bullish even as the asset’s correlation with traditional markets has reached a multi-year high. “Bitcoin going up for us is the base case. We think this asset is going to reach a million dollars over the next several years. But it’s a very cyclical asset. There are no bailouts in Bitcoin.…
Fundstrat Global Advisors head of research Tom Lee says the S&P 500 still has fuel to move higher from current levels, but warns that investors will need to navigate two specific risks before the market can reach what he believes could be a generational rally in 2027. In a new CNBC interview, Lee says the index has arrived at what was originally an aspirational target and that the underlying conditions still support further upside. But Lee warns that he’s seeing two specific risks on the horizon that could trigger a drawdown of 15% to 20% in the coming months. “I…
Elon Musk is giving Anthropic access to SpaceX’s Colossus supercomputer, one of the most powerful AI training clusters in the world, after personally meeting with senior members of the Claude maker’s safety team. In a new post on X, Musk says the decision to lease Colossus 1 to train Anthropic’s Claude models stems from the firm’s commitment to AI safety. “I spent a lot of time last week with senior members of the Anthropic team to understand what they do to ensure Claude is good for humanity and was impressed. Everyone I met was highly competent and cared a great…
The chief executive of the largest bank in the US says the massive scale of AI investment is justified, noting that it is powerful enough to warrant every dollar being spent. In an interview with Andrew Ross Sorkin, Jamie Dimon says the projected $1 trillion in AI investment over the next few years will be worth it, even if returns do not come easily to Big Tech firms doing most of the spending. “The way I look at it is that, in total, it will make sense. If you want to try to pick the winners and losers, you will…
Coinbase CEO Brian Armstrong is announcing a sweeping reduction in the company’s workforce, laying off about 693 employees of its 4,951-strong workforce. In an email sent to all Coinbase employees, Armstrong says the decision is not just a cost-cutting exercise but also a move to transform the company for the upcoming era of agentic AI. “While we’ve managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our…
A major new study is pushing back against one of the most persistent fears in cybersecurity, with the findings suggesting that AI’s impact on cybercrime is far less dramatic. Researchers from the University of Cambridge, the University of Edinburgh, and the University of Strathclyde analyzed more than 100,000,000 forum posts and chat discussions from the cybercrime underground spanning more than 15 years. According to the researchers, AI is mostly being used by cybercriminals in the same way an office worker might use it: to assist in mundane tasks. The researchers also find that AI is not functioning as a meaningful…
The investor known for calling the 2008 housing market collapse is betting against one of the most crowded trades in the market while rotating into some of its most unloved corners. In a new post on X, Michael Burry says he has placed more bearish bets against the iShares Semiconductor ETF (SOXX), which tracks the performance of AI hardware companies such as Nvidia (NVDA), AMD (AMD) and TSMC (TSM). “Added SOXX downside.” SOXX is trading at an all-time high of $482. Burry’s move indicates that he believes the AI picks-and-shovels trade is overvalued at current levels. At the same time,…
The chief US equities strategist at Goldman Sachs Group Inc believes that the S&P 500 can keep climbing higher even amid geopolitical issues and volatile oil prices. In a new CNBC interview, Ben Snider says that while the S&P 500 is hovering at record-high levels, the median stock in the index is still well below all-time highs. “If you look at the S&P 500, we’re at an all-time high. But the median stock in the S&P is still about 13% below its own respective high. That’s one of the widest gaps we’ve seen in about 25 years, since the Dot-Com…
The chief investment officer at BlackRock is sounding the alarm over the impact of AI on the job market, warning that the next few years will be unlike anything previous technological transitions have produced. In a new Bloomberg interview, Rick Rieder highlights that AI will spark a revolution never seen before. But he notes that companies are leveraging the technology to boost productivity while reducing or maintaining headcount. “How many companies, including yesterday, are announcing growth and CapEx spend, and saying we don’t need as many people…? But I think productivity and employment are going to change. I’ve not heard…